THE TALE OF HOW A BILLION DOLLAR FRAUD WOUNDED AN INDIAN CORPORATE GIANT
April 1st, 2009
BY RAGHAVENDRA VERMA
THE BILLION US dollar scandal involving India's Satyam Computer Systems has been an extreme case of corporate fraud illustrating sheer brazenness and masterful avoidance of regulatory checks and balances. Raghavendra Verma outlines its misdeeds and reports on its criminal investigation from New Delhi.
PROPPING up balance sheets with fictitious cash and bank balances is the last thing that many sophisticated fraudsters would attempt, because of the high risk of discovery. However Satyam's former chairman and managing director Ramalinga Raju ...
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.