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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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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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com/doc/16315249/Satyam-Scam • Just three months ago. • Where the owners are also the managers. such frauds are always a possibility. • 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. / 60 s Document for Free 5 of 46 8/8/2010 7:12 PM .Satyam Scam http://www. India's fourth-largest software services exporter.scribd.

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

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