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      • The founder and directors of India -based outsourcing company Satyam Computer Services, falsified the accounts, inflated the share price, and stole large sums from the company. Much of this was invested in property. The swindle was discovered in late 2008 when the Hyderabad property market collapsed, leaving a trail back to Satyam.
      en.wikipedia.org/wiki/Satyam_scandal

      Satyam scandal - Wikipedia

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  3. knowledge.wharton.upenn.edu › article › scandal-atScandal at Satyam: Truth, Lies and Corporate Governance

    Jan 9, 2009 · In one of the biggest frauds in India's corporate history, B. Ramalinga Raju, founder and CEO of Satyam Computers, India's fourth-largest IT services firm, announced on January 7 that his company had been falsifying its accounts for years, overstating revenues and inflating profits by $1 billion.

  4. dhananjaymittal.medium.com › satyam-scam-aSatyam Scam: A Chronicle of India’s Largest Corporate Fraud

    Nov 18, 2023 · The Satyam scam was a watershed moment in India’s corporate history, exposing the devastating consequences of unchecked greed and deceit. It served as a stark reminder of the importance of...

  5. insider.finology.in › investing › satyam-scamSatyam Scam: The Biggest Corporate Fraud in India's History

    • The Satyam scam: The Beginning of The Great Fall
    • Why and How Did He Do That?
    • Government’S Reaction to It

    Satyam computer services ltd was started in 1987 at Hyderabad by the Raju brothers, Rama Raju and Ramalinga Raju. The company was quite successful. Hence, they went forward to get it listed. The company got listed in the Bombay stock exchangein 1991. At that time the shares of Satyam ltd were oversubscribed by 17 times. The company proved to be a m...

    See full list on insider.finology.in

    The Raju brothers conspired such a huge scam to increase their revenue fictitiously. An increase in revenue projected a tremendous increase in profits. This attracted a lot of investorswhich in turn made the share price reach new heights. The Satyam brothers, who were the founders and promoters of Satyam companies used this opportunity and sold the...

    See full list on insider.finology.in

    “It was like riding a tiger without knowing how to get down without being eaten”, Raju said in one of his confession letters. The CBI took charge of the case and started the investigation. The Raju brothers and the auditors were sentenced to prison and were charged a huge sum as a penalty. The company was taken over by Tech Mahindra. Following the ...

    See full list on insider.finology.in

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  7. en.wikipedia.org › wiki › Satyam_scandalSatyam scandal - Wikipedia

    The Satyam Computer Services scandal was India's largest corporate fraud until 2010. The founder and directors of India-based outsourcing company Satyam Computer Services, falsified the accounts, inflated the share price, and stole large sums from the company. Much of this was invested in property.

  8. qz.com › india › 379877The Satyam scandal: How India’s biggest corporate fraud unfolded

    Apr 9, 2015 · A special court under India’s Central Bureau of Investigation (CBI) on April 10 held the founders and former officials of outsourcing firm, Satyam Computer Services, guilty in an accounting...

    • Manu Balachandran

  9. www.thestreet.com › economonitor › asiaThe Satyam Scandal: Causes, Consequences and Cures

    Jan 16, 2009 · The Satyam scandal has shaken corporate India, and damaged its reputation with investors, domestic and foreign.

  10. www.thisday.app › story › the-satyam-scandal-a-taleThe Satyam Scandal: A Tale of Greed, Lies, and Corporate Fraud

    In 2009, the world was stunned by one of the biggest corporate scandals in Indian history, the Satyam Scam. What started as a small accounting discrepancy snowballed into a web of lies and deceit involving top executives, auditors, and even government officials.