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 the Hyderabad property market collapsed, leaving a trail back to Satyam. The scandal was brought to light in 2009 when chairm… WebOct 19, 2011 · Satyam scam.. 1. WHITE COLLAR CRIMES WITH SPECIAL REFERENCE TO “SATYAM SCAM”. 2. “SATYAM COMPUTER SERVICE LIMITED” •Satyam Computer Services Limited was founded in 1987 by …
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WebJan 20, 2024 · The Satyam Scam was a large-scale accounting fraud of over Rs. 7,800 crores which eventually turned out to be approximately Rs. 12,320 crores fiasco. Satyam … WebSatyam Scam was one of the biggest corporate scams that occurred in 2009 in India. It is regarded as “ Debacle of the Indian Financial System “. It was a fraud of $1.47 billion (or … marshall typing
Trump Faces 34 Felony Counts For Falsifying Records, Report …
WebAug 13, 2024 · The Satyam scandal was a corporate fraud that primarily affected an Indian-based computer service company known as Satyam as well as other partnering companies. ... (Basilico et al., 2012). In 2009, Satyam falsified its sales and recorded RS 5200 crore instead of the real Rs 4100 crore. In addition, profits were inflated from 3% to 24%. Get ... WebApr 4, 2024 · Trump is charged with 34 felony counts of falsifying business records under Article 175 of the New York Penal Law. Falsifying business records is a felony in New York when there is an “intent to ... WebOct 14, 2016 · THE SCAM 1. Raju and his brother, B Rama Raju, were arrested by the Andhra Pradesh police on charges of breach of trust, conspiracy, cheating, falsification of records. 2. Raju has mislead various investors. 3. Raju had also used dummy accounts to trade in Satyam's shares. 4. marshall tyres australia