Wednesday, January 7, 2009

Fraud revelations hit Indian computer company

Story Highlights
News sent stocks of Hyderabad-based Satyam Computer Services plunging
Satyam employs 53,000 people and operates in 65 countries
Chairman B. Ramalinga Raju said balance-sheet padding began years ago
Raju said no board member was aware of what he was doing
For More Details Visit:- http://edition.cnn.com/2009/BUSINESS/01/07/india.satyam.stock/index.html

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