Business

| SATYAM’S SCANDAL | |[pic] | Stake Holders: Satyam Computers, investors, India’s IT and outsourcing industry understate: & fake; Admitting to the biggest scam ever to hit India’s IT sector, B Ramalinga Raju, president of Satyam Computers, resigned from the jury. & falsify; A shell-shocked country watched as Satyam source overlook dramatically by 72% and the sensex, which had been fileing some signs of recovery, plummeted 749 points. & son of a bitch; India’s IT sector, which had been thriving on exhaustively will, suffered a long blow t o its reputation. At a fourth dimension when the world is battling an scotch crisis, India may find it difficult to re-establish its image.

pick out points: & son of a bitch; In his letter to the board of directors, Ramalinga Raju admitted to doctoring the company’s ease public opinion canvass to show an inflated amount of Rs. 5,361 crore at the end of kinsfolk 2008. This was over 300 crore more than the actual amount. • The balance sheet falsely showed that the company had received Rs. 376 crore as increase interest. • A fund of Rs. 1,230 crore, which the Chairman arranged by pledg ing relay transmitter shares, found no ment! ion in the account books. • It claimed that debtors owed Satyam Rs. 2,651 crore, which was Rs. 490 crore more than the actual amount. • The kinfolk 2008 results were...If you want to astonish a full essay, order it on our website: BestEssayCheap.com

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