What is the Satyam scam about? It is about corporate governance ... The promoters are primary culprits, although it is almost impossible to misrepresent such facts without the connivance of ...

In one of India's largest-ever cases of corporate fraud, the founder and chairman of failed outsourcing giant Satyam Computer Services and nine other defendants have been sentenced to seven years ...

What: The scandal broke in 2009 when founder-chairman of Satyam Computers Ramalinga Raju confessed that the company’s accounts were tampered with. He disclosed a Rs.7,000-crore accounting fraud ...

An Indian court on Thursday sentenced the founder of outsourcing company Satyam Computer Services Ltd. to seven years in prison after finding him guilty of fraud in a $1 billion accounting scandal ...

BANGALORE -- India's Satyam Computer Services Ltd. said recent media reports on the magnitude of the accounting fraud at the company don't reflect its current financial position and liabilities.

The fraud and deception at Satyam Computer Services in India was so in-depth that it included dual accounting books, thousands of forged invoices, thousands of unnecessary employees and dozens of ...

The founder of Satyam Computer Services has been found guilty of a financial scam that brought the Hyderabad-based outsourcer to the verge of collapse before its rescue by a rival. A special court ...

This brings closure to India’s biggest corporate accounting fraud case. In its time, the Satyam scam raised several questions about corporate governance and the sanctity of the auditing process.

Indian outsourcer Satyam Computer Services has agreed to pay a US$10 million penalty to the U.S. Securities and Exchange Commission (SEC) to settle charges of financial fraud, the SEC said.

The Satyam scam, in which founder and promoter – and the disgraced former chairman – B. Ramalinga Raju confessed to having fudged the books of accounts to the tune of nearly $1.5 billion ...

BANGALORE, Feb 3 (Reuters) - Satyam Computer Services Ltd won 15 outsourcing contracts in January despite revelation of India's biggest corporate accounting fraud at the company, a spokeswoman said.