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Satyam 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
Scandal at Satyam: Truth, Lies and Corporate Governance 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
THE SATYAM SCAM (2009): A LANDMARK CORPORATE FRAUD CASE Satyam, once regarded as a symbol of India’s technological prowess, became synonymous with corporate fraud, shaking investor confidence and drawing widespread criticism
Satyam Scam: Case Study of the Satyam Fraud Case | 5paisa 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
Satyam Scam - The Story of India’s Biggest Corporate Fraud! Satyam Scam: When the 2008 recession hit the world, India was not only going through a financial crisis but also an ethical crisis Imagine a hypothetical scenario in the stock market where the very basic financials provided to you by a company are manipulated
The Satyam scandal: How India’s biggest corporate . . . - Quartz 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