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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. Much of this was invested in property. The swindle was discovered in late 2008 when ...
Mar 16, 2022 · Victims of the Satyam fraud case. Satyam employees had stressful moments and restless nights as they faced nonpayment of salary, project cancellations, layoffs, and equally gloomy outside employment chances. They were morally, financially, legally, and socially trapped in a variety of ways.
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 misrepresented...
Apr 9, 2015 · Raju, 60, the founder of the erstwhile Satyam Computer Services, was sentenced by Special CBI Court Judge BVLN Chakravarthi to seven years in jail and fined Rs 5 crore for his part in falsifying the firm’s books to the tune of Rs 7,136 crore.
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...
Apr 9, 2015 · Hyderabad: A special court on Thursday sentenced B. Ramalinga Raju, founder of the erstwhile Satyam Computer Services Ltd, and nine others to seven years of rigorous imprisonment,...
Apr 9, 2015 · Former chairman of Satyam Computer Services Ltd. B. Ramalinga Raju and nine others, two of them family members, were sentenced to seven years rigorous imprisonment on Thursday in the...
Apr 9, 2015 · By Nivedita Bhattacharjee MUMBAI (Reuters) - The founder of Satyam Computer Services, once India's fourth-largest software services firm, was sentenced to seven years in prison after being...
Jan 11, 2018 · Price Waterhouse gets 2-year ban in Satyam scam: 10 major points from 108-page Sebi order. In addition to ordering the disgorgement of over Rs 13 crore from Price Waterhouse and two of its...
Jan 7, 2009 · The chairman of India’s Satyam Computer Services on Wednesday confessed to fixing the IT outsourcing company’s books for the past “several” years, the country’s first major fraud case to...
