CORPORATE ACCOUNTING SCANDAL AT SATYAM COMPUTER SERVICES LIMITED BACKGROUND Ironically‚ Satyam means “truth” in the ancient Indian language “Sanskrit” (Basilico et al.‚ 2012). Satyam won the “Golden Peacock Award” for the best-governed company in 2007 and in 2009. From being India’s IT “crown jewel” and the country’s “fourth largest” company with high- profile customers‚ the outsourcing firm Satyam Computers has become embroiled in the nation’s biggest corporate scam in living memory (Ahmad
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26/06/2013 Mahindra Satyam Offices Contact Us | Careers | Society | Blogs | Sitemap Home Corporate Industries Enterprise Solutions Telecom Solutions BPO Investors Media GO Mahindra Satyam and Tech Mahindra are now ONE as Tech Mahindra! Welcome to our connected world. Corporate About Us Connected World Connected Solutions Alliances Offices Americas APAC Europe Middle East & Africa Home > Corporate > Offices Brazil Canada Mexico USA BRAZIL Sao Paulo Satyam
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when the chairman of Satyam‚ Ramalinga Raju resigned on 7 January 2009 and confessed that he had manipulated the accounts by US$1.47-Billion. Contents [hide] 1 Role of Auditors 2 Aftermath 3 New CEO and special advisors 4 Acquisition by Mahindra Group 5 See also 6 References 7 External links Role of Auditors[edit source | editbeta] PricewaterhouseCoopers was the statutory auditor of Satyam Computer Services when the report of scandal in the account books of Satyam Computer Services
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scandalised when the chairman of Satyam‚ Ramalinga Raju resigned on 7 January 2009 and confessed that he had manipulated the accounts by US$1.47-Billion. Contents [hide] 1 Role of Auditors 2 Aftermath 3 New CEO and special advisors 4 Acquisition by Mahindra Group 5 See also 6 References 7 External links Role of Auditors[edit source | editbeta] PricewaterhouseCoopers was the statutory auditor of Satyam Computer Services when the report of scandal in the account books of Satyam Computer Services
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Satyam scam Satyam Computers services limited was a consulting and an Information Technology (IT) services company founded by Mr. Ramalingam Raju in 1988. The company offers information technology (IT) services spanning various sectors‚ and is listed on NSE‚ BSE‚ the New York Stock Exchange and Euronext. It was India’s fourth largest company in India’s IT industry‚ offering a variety of IT services to many types of businesses. Its’ networks spanned from 46 countries‚ across 6 continents and employing
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former Sebi member C Achuthan as the members untill it was taken over by Tech Mahindra (owned by the $6.3 billion Mahindra Group) in an open auction in April. Two months after taking over scam-tainted Satyam Computer Services‚ Tech Mahindra Sunday renamed the IT major as Mahindra Satyam. The logo was adopted from the Mahindra Group. Ever since the Tech Mahindra group took over the company and brought the cash inflow‚ Mahindra Satyam has come up with flying colors. It is soaring high
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WHAT WENT WRONG WITH SATYAM? PROFESSOR J. P. SHARMA J.P Sharma‚ Professor of Law & Corporate governance‚ Department of Commerce‚ Delhi School of Economics‚ University of Delhi WHAT WENT WRONG WITH SATYAM? INTRODUCTION Till about two decades ago corporate governance was relatively an unknown subject. The subject came into prominence in the late 80’s and early 90’s when the corporate sector in many countries was surrounded with problems of questionable corporate policies or unethical practices
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Corporate Governance at SATYAM | | Submitted to-Prof. Rajan Mani | Submitted by- Khushbu Gumber | Shivi Singh | Siddharth Talokar Vikrant Shinde | 9/26/2011 | | Table of Contents Content | Pg. No. | Company Background
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Ethics Case Satyam Computer Services – The Enron of India Founded in 1987‚ Satyam Computer Services Ltd. was founded by B. Ramalinga Raju. Operating globally in 66 countries‚ Satyam had a growth of 53‚000 employees from just 200 employees. By 2009‚ it was India’s fourth largest information technology company. Services included customer service and outsourcing of accounting and finance. 185 companies of those listed‚ as the Fortune 500 including Nestle‚ General Motors and General Electric were
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mahenvg@sonalika.com malik.ashwani@sonalika.com M/s. ESCORTS R&D CENTRE‚ Agricultural machinery Group‚ 15/5‚ Mathura Road‚ FARIDABAD - 121 003 CP: Sh. S.K.Garg‚ Head vehicle testing and evaluation Sh. A.K. Sharma‚ Testing Head‚D.G.M. (KMC Faridabad) 2. M/s. MAHINDRA GUJARAT TRACTOR LTD.‚ Near Vishwamitri Rly.‚ Over Bridge‚ Vishwamitri‚ BARODA – 390 011 CP:Mr. Jayant P. Kulkarni‚ HOD‚ Product Development Ph.: 02653246432 Mobile:09825054948 E-mail: kulkarnijayant@mahindragujarat.com M/s. PREET TRACTORS PVT. LTD
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