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Scandal-plagued Satyam Computer Services in India has put a majority of its shares on the market, the company said. The company was rocked by an accounting scandal in January, when then-Chairman Ramalinga Raju resigned after admitting he added $1.04 billion to the company's books to make the company appear stronger.
A prosecutor in India said Satyam Computer Services Chairman B. Ramalinga Raju invented 13,000 fictitious employees to steal money from the company. S.
The chairman of a leading Indian technology company resigned after admitting $1.04 billion reflected on the company's books in September did not exist. Ramalinga Raju, chairman of Satyam Computer Services, resigned Wednesday after submitting a lengthy statement to the Bombay stock exchange in which
HYDERABAD, India, Jan. 7 /PRNewswire/ -- Satyam Computer Services confirmed that it has received today a letter from its Chairman and Founder, Mr. B Ramalinga Raju.
HYDERABAD, India, Dec. 18 /PRNewswire-FirstCall/ -- Satyam Computer Services Ltd. (NYSE: SAY), a leading business and information technology services provider, announced today that it will hold a meeting of its Board of Directors Dec.
HYDERABAD, India, Dec.
- Move signals greater diversification strategy HYDERABAD, India, Dec. 16 /PRNewswire-FirstCall/ -- Satyam Computer Services Ltd.
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