In January 2009 the chairman of the Indian information technology company Satyam Computer Services, Ramalinga Raju, admitted that the company's accounts had been falsified for years, inflating profits and assets by well over a billion dollars. The scandal, one of the largest corporate frauds in Indian history, led to Satyam being acquired by another company and to Raju's later conviction on fraud charges.
Facts
Cross-Tradition Connections
Associated With
Satyam's chairman confessed in 2009 to years of falsified accounts inflating reported profits, a scandal often called India's Enron that reshaped Indian corporate governance and auditing rules.
Sources
Reader Challenges (0 open reader challenges)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.
View At A Past Year
The atlas records no dated fact of its own for this entry, so there is no other year to choose.