Satyam Scam

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Satyam Scam

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Company Accounts Satyam Fraud Satyam Promoters
Financial Statements Satyam Computer Services Company

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Satyam Scam

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Introduction
• Satyam a leading global business and information technology company, delivering consulting, systems integration, and outsourcing solutions to clients in over 20 industries. • Satyam Computer Services Ltd was founded in 1987 by B.Ramalinga Raju. • The company offers information technology (IT) services spanning various sectors, and is listed on the New York Stock Exchange and Euronext. • Satyam's network covers 67 countries across six continents.

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Contd.
• The company employs 40,000 IT professionals across development centers in India, the United States, the United Kingdom, the United Arab Emirates, Canada, Hungary, Singapore, Malaysia, China, Japan, Egypt and Australia. • It serves over 654 global companies, 185 of which are Fortune 500 corporations. • Satyam has strategic technology and marketing alliances with over 50 companies. • Apart from Hyderabad, it has development centers in India at Bangalore, Chennai, Pune, Mumbai, Nagpur, Delhi, Kolkata, Bhubaneswar, and Visakhapatnam.

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such frauds are always a possibility. India's fourth-largest software services exporter. • Ramalinga Raju himself was the recipient of many an award for corporate governance and transparency • The fraud has brought to light the fact that in India the distinction between owners and management is still not very clear. Satyam Computer Services received a Golden Peacock Global Award from a group of Indian directors for excellence in corporate governance. • Where the owners are also the managers. / 60 s Document for Free 5 of 46 8/8/2010 7:12 PM .Satyam Scam http://www.com/doc/16315249/Satyam-Scam • Just three months ago.scribd.

kept everyone -. / 60 s Document for Free 6 of 46 8/8/2010 7:12 PM . when it did not. knew of this.800 crore (Rs 78 billion) scam itself.Satyam Scam http://www. is as stupefying a fact as the Rs 7.seemingly -. mainly disgraced chairman B Ramalinga Raju.scribd. • The company management.in the dark for a decade and tarnished shining India's image horribly. Raju said that he had been fudging the account books for 'several years' and despite this no one but he.com/doc/16315249/Satyam-Scam • Satyam is the biggest fraud in India's corporate history.000 crore billion (Rs 50 billion) in the bank. • The company's account books said that Satyam had over Rs 5. and his brother.

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