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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 ...
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 · Learn how Ramalinga Raju, the founder of Satyam Computers, committed a huge accounting fraud in 2009 by exaggerating the company's sales, earnings, and cash balances. Find out the consequences, causes, and lessons of the Satyam scam for corporate governance, auditing, and regulation in India.
Mar 9, 2024 · The Satyam scam (Satyam computers scam) was finally exposed early in 2009. Analysts dubbed the scam as India’s own Enron. Today, we take a look at the scandal that hit the nation in the midst of a recession how it was carried out, its effects, and how it was dealt with.
Mar 16, 2022 · Learn about the Satyam fraud case, India's largest corporate scandal, that exposed the accounting irregularities and corporate governance failures of the IT giant. The article covers the background story, the timeline of events, the parties involved, the legal implications, and the consequences of the scam.
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, convicting...
