Nuts and bolts of Satyam saga4 min read . Updated: 05 Feb 2009, 07:35 PM IST
Nuts and bolts of Satyam saga
On 7 January at 10.53am, a fax from B. Ramalinga Raju, chairman of Satyam Computer Services Ltd, to the board of directors, the chairman of the Securities and Exchange Board of India and the stock exchanges was like a multi-megaton bomb exploding in the face of corporate India. Raju admitted to multiple misdeeds which were so huge in their scale, so long in the making, so shocking in having escaped scrutiny and so disgraceful in their intent that they prompted the strongest possible comments from corporate czars.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more