3
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How Satyam pulled off India Inc's biggest fraud - Full Story

posted January 8, 2009 - 9:58pm
How Satyam pulled off India Inc's biggest fraud - Full Story

Satyam Computers Services Ltd. has pulled off India Inc's biggest fraud to date. They were the country's fourth-largest software company. They have shocked all the investors when they revealed that the profits had been falsely inflated all these years. The Chairman of the Company, Mr. Ramlinga Raju resigned on Wednesday and wrote a 5-page letter outlining the deception in detail, you can read the full text of the letter here:

http://www.financialexpress.com/news/satyam-fraud-full-text-of-rajus-letter-to-board/407799/

How did they manage to do this? Read the full story here:


Website: http://www.financialexpress.com/news/how-satyam-pu...

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