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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.
28 Ιουν 2023 · The Satyam scandal damaged local and foreign investors' faith in India's business sector, generating concerns about transparency, accountability, and ethical standards. Following the incident, the Indian government intervened to avert Satyam's collapse and preserve stakeholders' interests.
In 2009, India faced one of its largest corporate scandals when Satyam Computer Services was exposed for accounting fraud of unprecedented scale.
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 its...
5 Αυγ 2024 · One of the biggest business scams in the history of the nation was exposed in January 2009 when the Satyam affair, sometimes referred to as “India’s Enron,” broke.
The Satyam Scandal of 2009 was one of the biggest corporate scandals in Indian history, involving a web of lies and deceit that shook the foundations of corporate India. This story portrays how one man's greed brought down an entire company, revealing the need for greater transparency and accountability in corporate governance.
What went down in the Satyam case? Who was behind the entire scam? And what were the effects and consequences of their actions? For more videos about the world’s greatest schemes, ways to make...
