NEW SATYAM CEO SAYS SCANDAL ‘PROBABLY THE HANDIWORK OF A FEW’
March 1st, 2009
BY RAGHAVENDRA VERMA
THE NEW CEO of India's Satyam Computer Services has said he is confident the recent scandal that devastated his company was "probably the handiwork of a few individuals, acting in isolation." Speaking to Accountancy Age, Achutuni Sreenivasa Murty, 52, also stressed "the fraud was complex and caught everyone unaware," despite being "a company audited by one of the Big Four auditing firms". And before any blame is allotted, he stressed: "It will be premature to comment on the past the causes that led to this ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.