Satyam Computer Services, an outsourcing company that serves more than a third of the Fortune 500, had been significantly inflating its earnings and assets for years. According to the Satyam’s chairman, Ramalinga Raju, more than $1 billion in cash and bank loans the company listed in assets were simply nonexistent.
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Satyam Computer Services,Indias Enron Satyam’s chairman, Ramalinga Raju arrested
January 10th, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: American Spirit, Bank Loans, Ceos, College Savings, Enron Collapse, Exploits, Felonies, Fortune 500, Frauds, General Electric, General Motors, Indias, Madoff, Offshore Accounts, Outsourcing Company, Quality Of Service, Ramalinga, Satyam Computer Services, Slap In The Face, White Collar Crime 
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