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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.
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 ...
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...
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...
9 Ιαν 2009 · According to experts from Wharton and elsewhere, the Satyam debacle will have an enormous impact on India’s business scene over the coming months. The possible disappearance of a top IT services and outsourcing giant will reshape India’s IT landscape.
The company was the subject of what was called India's biggest corporate scandal in January 2009 when then-chairman Byrraju Ramalinga Raju admitted in a letter to the Securities and Exchange Board of India that the corporate accounts had been falsified, adding approximately $1 billion to the company's cash and cash-related assets.
16 Ιαν 2009 · The Satyam scandal has shaken corporate India, and damaged its reputation with investors, domestic and foreign.
