Asatyam saga

Introduction The startling announcement by B. Ramalinga Raju, Chairman, Satyam Computer service Limited, about misappropriation of the companys financial statements unexpended everyone in disbelief as the practice was being followed for 7 years. The revelation was even more astonishing as to how could the party surpassed the trinity Chinese walls of governance-internal auditor, external auditors and exchange boards. The Satyam or legality had straightaway international repercussions as the Company is listed across continents. With sentiments of spheric investor involved, soaked governance laws abroad and its swift implementation, the fraud opens up the Pandoras Box for the government to deal with issue and fall out the confidence intact. Background Satyam Computer Services Limited (Satyam) is a global entropy technology (IT) work provider formal in 1987 by former Chairman B. Ramalinga Raju. Satyam, operating through with(predicate) its two calling s egments: IT Services and BPO Services, offers a range of operate including dodgings design, software development, system integration, application maintenance, consulting and enterprise business solutions, blanket(a) engineering solutions and al-Qaida management services.

Satyam, being Indias 4th-biggest software services exporter, caters to a liberal range of clientele including General Electric, Nestle, Qantas and Fujitsu. Satyam, establish in Hyderabad, employs comfortably-nigh 53,000 people and competes for outsourcing deals with Tata Consultancy Services and Infosys Technologies as well as global majors such as IBM and Accenture. Satyam debute! d on the Indian markets in 1991, followed by a lean in New York in 2001. Last year, it launched a secondary listing on Euronext Amsterdam. The major subsidiaries include Maytas Infra, Maytas Properties, Nitor Global Solutions, Bridge dodging Group and Motorolas Software Development Centre in Malaysia. The Satyam Computers Scam Amid the doubtful market...If you indispensability to get a ample essay, order it on our website: OrderCustomPaper.com

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