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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 ...
What is the Satyam scam about? It is about corporate governance and fraudulent auditing practices allegedly in connivance with auditors and chartered accountants.
Jan 9, 2009 · Satyam could possibly be sold — in fact, it had engaged Merrill Lynch to explore “strategic options,” but the investment bank has withdrawn following the disclosure about the fraud.
Jan 16, 2009 · The Satyam scandal has shaken corporate India, and damaged its reputation with investors, domestic and foreign.
Jul 11, 2024 · The Satyam scam (Satyam computers scam) was finally exposed early in 2009. Analysts dubbed the scam as India’s own Enron. Today, we take a look at the scandal that hit the nation in the midst of a recession how it was carried out, its effects, and how it was dealt with.
Jun 28, 2023 · The Satyam fraud was considered worth Rs. 7800 crores and was formerly regarded as India's largest business scandal. The Satyam scam highlighted a lack of corporate governance, auditing standards, regulatory monitoring, and ethical behavior at one of India's largest IT firms.
Mahindra Satyam (formerly Satyam Computer Services Limited) was an Indian information technology (IT) services company based in Hyderabad, India, offering software development, system maintenance, packaged software integration and engineering design services.
