The fraud at Satyam was discovered when Ramalinga Raju (chairman) wrote a letter to the Satyam board confessing about the details on January 2009. Apparently, over a period of five years from 2003-2008, Satyam had been overstating its revenue, income, and cash balances by more than $1billion.
The next few years consisted of investigations and criminal charges being pressed against the guilty parties. The result was the guilty charges against the 10 people who were involved in the fraud.
The next few years consisted of investigations and criminal charges being pressed against the guilty parties. The result was the guilty charges against the 10 people who were involved in the fraud.
Case study of fraud - go to :23 to begin
In-Depth Analysis can be found under Documents Section
/case-study.html
In-Depth Analysis can be found under Documents Section
/case-study.html