Satyam - An Accounting fraud!!
Here, I would like to share my views and analysis on Satyam scam. Sources: ET, NDTV, Slideshare, YouTube. etc To start with, What is " SATYAM? " Satyam (Popularly know as) is a company set up by B.Rama linga raju in the year 1987 in P&T colony with 20 employees to provide IT Services. Name of the comapany: Satyam Computers Pvt ltd Chairman and founder: B. Rama linga raju Co-Founder: DVS Raju (Brother-in-law of B. Rama linga raju) Who is Rama Linga Raju ?? He is populary known as SATYAM Ramalinga Raju . He was born in the year 1954, in Bhimavaram. He belongs to "Raju" community and a farming family. Academic achievements: Bachelor of Degree from Andhra Layola collge, Vijayawada MBA from Ohio university, USA How did such a small company (hardly 20 employees) become Market leader? Here's the RISE of SATYAM..!! In June-1991, it earned 1st FORTUNE 500 client. On August 26, 1991 it was converted to Public limited company....