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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.
What is the Satyam scam about? It is about corporate governance and fraudulent auditing practices allegedly in connivance with auditors and chartered accountants. The company...
Jun 28, 2023 · The Satyam fraud was considered worth Rs. 7800 crores and was formerly regarded as India's largest business scandal. The Satyam scam highlighted a lack of corporate governance, auditing standards, regulatory monitoring, and ethical behavior at one of India's largest IT firms.
Mar 9, 2024 · The Satyam Scam was a large-scale accounting fraud of over Rs. 7,800 crores which eventually turned out to be approximately Rs. 12,320 crores fiasco. Satyam computers management misled the market and the stakeholders by manipulating the company’s financial health.
Mar 16, 2022 · The Satyam scam has emphasized the role of numerous authorities, courts, and rules that are involved in a severe infraction committed by a publicly traded firm in India.
Jul 18, 2023 · Today, people remember Satyam Computers Services as the biggest corporate scammer rather than a famous IT company. With scams, you may assume that Satyam’s owners might have taken away the money as loans like Nirav Modi or Vijay Mallya.
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 scam...
