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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 ...
Jun 28, 2023 · Satyam scam means a huge corporate fraud committed in 2009 by Ramalinga Raju, the founder and chairman of Satyam Computer Services. He admitted to exaggerating sales, earnings, cash balances, and personnel numbers in the company's books.
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.
Mar 16, 2022 · Satyam Computers was once the crown jewel of the Indian Information Technology sector (IT sector), but it was brought to its knees in 2009 by its founders due to financial fraud.
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...
Dec 20, 2023 · It was how Satyam Computer Services, a lost child of a greedy father, was adopted by Tech Mahindra with a promise to nurture it with the best corporate governance practices.
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...
