Financial Scams in India: #3 Satyam Scam
Thursday, April 27, 2017, 6:11 PM
India saw one of the biggest corporate scandals by Satyam Computer Services in 2009, in which Satyam Company's chairman Ramalinga Raju, confessed that he manipulated accounts to show increased sales, profits and margins from 2003-2008. CBI took over investigation and filed three partial charge sheets over the course of the year. It later merged those three partial charge sheets into a single charge sheet.