SATYAM COMPUTER SCAM
The founder of the Satyam computer company, located in Bangalore, Ramalinga Raju has been sentenced for cheating . According to SABI, THE MONEY INVOLVED IS 2000 CRORE.
It is estimated that the loss to the investors may be even more. They made fictitious accounts , magnifying the assets and profits of the company, attracting huge investments. It is a wonder how they could do it. People believe in the Annual Accounts prepared by the Charted Accountants. This should alert the Government, to take measures to protect investors.
It is estimated that the loss to the investors may be even more. They made fictitious accounts , magnifying the assets and profits of the company, attracting huge investments. It is a wonder how they could do it. People believe in the Annual Accounts prepared by the Charted Accountants. This should alert the Government, to take measures to protect investors.
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