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Satyam Scandal: Corporate Governance Failures by Shankar Sharan Tripathi is a document available to read on EtoBox.

What is Satyam Scandal: Corporate Governance Failures about?

1. Satyam was founded in 1987 and grew to become a large, successful IT services company. However, in 2008 its chairman Ramalinga Raju confessed to a $1.6 billion accounting fraud, inflating revenues and profits. 2. An investigation by SFIO found that Satyam founders and executives had deliberately left loopholes to create fake invoices and bank statements to hide the fraud. They also committed insider trading by selling shares as the stock price rose due to inflated financials. 3. Mahindra Group acquired

Author

Shankar Sharan Tripathi

Language

EN