HYDERABAD - In a development that shook India’s corporate and financial worlds Wednesday, co-founder and chairman of Satyam Computers B. Ramalinga Raju resigned after confessing to a Rs.40 billion (Rs.4,000 crore or $823 million) fraud that had been going on for years. As the scrip of the beleagured software services firm crashed, the Ministry of Company [...]
HYDERABAD - In a development that shook India’s corporate and financial worlds Wednesday, co-founder and chairman of Satyam Computers B. Ramalinga Raju resigned after confessing to a Rs.40 billion (Rs.4,000 crore or $823 million) fraud that had been going on for years.
As the scrip of the beleagured software services firm crashed, the Ministry of Company [...]
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