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 …

Jan 9, 2009 · In one of the biggest frauds in India's corporate history, B. Ramalinga Raju, founder and CEO of Satyam Computers, India's fourth-largest IT services firm, announced on January 7 that his …

Jan 20, 2025 · Satyam, once regarded as a symbol of India’s technological prowess, became synonymous with corporate fraud, shaking investor confidence and drawing widespread criticism.

Oct 3, 2025 · Satyam Computers was formerly the crown jewel of the Indian Information Technology (IT) industry, but its founders brought it to its knees in 2009 owing to financial misconduct.

The Satyam scandal, often labeled "India's Enron," stands as one of the most significant corporate frauds in Indian history. It brought to light the fragility of corporate governance, the importance of …

Jan 9, 2026 · Key investors — including biggest shareholder Aberdeen — dumped shares as truth became a casualty in the company named Satyam. The company’s share plunged nearly 80% to ₹ …

Jul 11, 2024 · Satyam computers management misled the market and the stakeholders by manipulating the company’s financial health. Material facts were misstated and went undetected for 7 to 8 years, …

Jul 20, 2022 · A special court under India’s Central Bureau of Investigation (CBI) on April 10 held the founders and former officials of outsourcing firm, Satyam Computer Services, guilty in an accounting …

Jan 7, 2009 · Dec 16: Satyam announces the $1.6bn acquisition of two companies controlled by the family of Ramalinga Raju, chairman of the IT outsourcer. However, Satyam aborts the deal seven …

Sep 27, 2024 · In 2009, India faced one of its biggest corporate scams—the Satyam scam case, which not only led to changing the whole corporate landscape in India but also raised several concerns …