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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 ...
7 Ιαν 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 ...
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...
9 Ιαν 2009 · In one of the 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.
16 Ιαν 2009 · The Satyam scandal has shaken corporate India, and damaged its reputation with investors, domestic and foreign.
9 Απρ 2015 · An Indian court has sentenced the former head of Satyam Computers and nine others to seven years in prison in one of the country's biggest ever corporate scandals. B Ramalinga Raju, who...
9 Απρ 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...
