SMC-1028CorporateCase file
Satyam: more than $1 billion in cash that existed only on paper
Satyam Computer Services, once India's fourth-largest software services company, was pushed to the brink of collapse in January 2009 when founder and chairman Ramalinga Raju admitted in a letter that its profits had been overstated for years. The SEC later said senior official…
Reported: Satyam Computer Services
- Reported losses
- $1B
- People affected
- 0 affected