Asatyam saga

Introduction The startling announcement by B. Ramalinga Raju, Chairman, Satyam Computer service Limited, about misappropriation of the companys financial statements left hand everyone in disbelief as the practice was being followed for 7 years. The revelation was even more astonishing as to how could the federation surpassed the trinity Chinese walls of governance-internal auditor, external auditors and exchange boards. The Satyam or virtue had straightaway international repercussions as the Company is listed across continents. With sentiments of orbiculate 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 write the confidence intact. Background Satyam Computer Services Limited (Satyam) is a global entropy technology (IT) run provider open up in 1987 by former Chairman B. Ramalinga Raju. Satyam, operating through its two calling segments: IT Se rvices and BPO Services, offers a range of serve including dodgings design, software development, system integration, application maintenance, consulting and enterprise business solutions, prolonged 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 head-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 debuted on the Indian markets in 1991, followed by a itemisa tion in New York in 2001. Last year, it laun! ched a secondary listing on Euronext Amsterdam. The major subsidiaries include Maytas Infra, Maytas Properties, Nitor Global Solutions, Bridge strategy Group and Motorolas Software Development Centre in Malaysia. The Satyam Computers Scam Amid the doubtful market...If you indispensability to get a lavish essay, order it on our website: OrderEssay.net

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