The court also imposed a fine of Rs 5 crore on Ramalinga Raju, the Satyam Computer Services Ltd's founder and former chairman, and his brother B Rama Raju and Rs lakh each on the remaining accused. HT presents a lowdown of the country's biggest-ever corporate accounting scandal. What is the Satyam scam about? It is about corporate governance and fraudulent auditing practices allegedly in connivance with auditors and chartered accountants. The company misrepresented its accounts both to its board, stock exchanges, regulators, investors and all other stakeholders.
Satyam Case Study - Management Issues Essay Example - Words
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In this report, I have tried to figure out what the scam is all about, how it happened, why it was done and the aftermath, exploring corporate governance issues simultaneously. So one can only imagine the magnitude of wrongdoing and deception. The downfall. Chapter 4: Case Studies The best way to understand the numerous problems that have come as a consequence of corporate misconduct in this modern world is through understanding and studying about the various cases of high profile corporate misconduct that have occurred in recent times. Satyam scandal: The Satyam scam occurred as a result of fraudulent auditing practices and poor.