Satyam fraud shocks investors, employees

Satyam fraud shocks investors, employees

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HYDERABAD - Satyam Computer founder-chairman B. Ramalinga Raju’s disclosure of committing a Rs.40-billion ($823-million) fraud has shocked corporate India, especially the investors and over 50,000 employees of the country’s fourth largest IT services company.

The corporate world was astonished when Ramalinga Raju quit after confessing to the fraud that had been going on for years.

‘It is [...]

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