1999: satyam infoway, a subsidiary of satyam computer, becomes the first indian information and communication technology company to be listed on nasdaq, and satyam expands footprint to 30 countries 2006: satyam’s revenues cross $1 billion. Satyam accounting scandal could be 'india's enron' the head of indian outsourcing firm satyam computer services resigned on wednesday, disclosing that profits had been falsely inflated for years and sending its shares tumbling nearly 80pc. Unlike enron, satyam has plenty of similar competitors who do exactly the same thing, without the fraud part it services are a $50 billion sector in india--more than 15% of the country's exports--and there are plenty of other firms willing to scoop up satyam's clients and best talent companies like infosys and wipro will be among them.
New delhi: as satyam’s financial bungling came to light with its erstwhile chairman ramalinga raju owning up to wrong doings worth thousands of crores in the balance sheet, analysts described the scam as “india’s own enron scandal. ‘satyam – the enron of india’ introduction the case study ‘satyam – the enron of india’ looks at satyam computer services limited and its involvement in corporate fraud leading to one of india’s largest white-collar crimes. This case for india is similar to what happened to enron in the us,” said jigar shah, senior vice-president at kim eng securities “it will not stop at satyam many more companies will come into scrutiny like that.
In some ways, satyam is india's version of the enron tale the precise circumstances differ, but the basic storyline is familiar a widely hailed corporate success story turns out to be smoke and.
View this essay on satyam the enron of india this type of corporate fraud is an unfortunately frequent occurrence in the world of business today the problem essay satyam the enron of india and 90,000+ more term papers written by professionals and your peers.
Download citation on researchgate | satyam fraud: a case study of india's enron | this case provides students a unique opportunity to examine and reflect on the challenges of auditing in today’s. The satyam scandal marks as one of india’s biggest corporate scandals where its stakeholders were continually fed misleading financial information from its late chairman ramalinga raju.