Satyam Scam – Indian Corporate Fraud THE SATYAM SCAM… (RAJU NOT THE GENTLEMAN) India’s Enron ‚ the biggest corporate fraud of Indian History The recent disclosure by the chairman of Satyam Computers‚ Ramalinga Raju uncovered the biggest corporate fraud of India which by some has been regarded as similar to Enron. The letter sent by Raju to the board of Satyam ‚regulator‚ exchanges shocked the whole country and company’ s share at the exchanges hitted a life low of 30 from the intraday high
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14 November 2009 xxvii “The Satyam Fiasco.” www.scribd.com xxviii “Satyam Scam.” www.scribd.com xxix “A Study on Satyam Fraud.” www.slideshare.net xxx “Financial Scams Storm the Market and Killed the Innocent Investors.” Investors Protection and Redressal Forum. xxxi Ashani‚ Peeyush. “Change in Management in an Organization with Reference: Satyam Computer Services.” www.scribd.com xxxii “Presentation on Satyam Scam.” www.scribd.com xxxiii “Commentary about Satyam Scandal.” San Diego Accountants Guide
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SCAMS IN INDIA Named scandals in India | Scandal | Year reported | Scope INR crore | Location | Key players | Summary | 2012 Indian coal mining controversy | 2012 | 185591.34 | nation | Comptroller and Auditor General of India‚ the coal ministry‚ many electricity boards and private companies | coal blocks allotted‚ not auctioned‚ leading to estimated losses as per the Comptroller and Auditor General of India[1][2][3] | Karnataka Wakf Board Land Scam | 2012 | 200000 | Karnataka | | [4][5]
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| Walmart logo‚ used since June 30‚ 2008 | Type | Public | Traded as | NYSE: WMT Dow Jones Industrial Average Component S&P 500 Component | Industry | Retailing | Founded | 1962 | Founder(s) | Sam Walton | Headquarters | Bentonville‚ Arkansas‚ U.S. 36°21′51″N 094°12′59″W | Number of locations | 8‚970 (2011) | Area served | Worldwide | Key people | S. Robson Walton‚ Chairman Mike Duke‚ President/CEO | Products | Apparel/footwear specialty‚ cash & carry/warehouse
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Emmanuel Nwufo Prof. Frazier MW 8 – 9:45 March 21 2012 Should pornography be restricted by law? Pornography should not be restricted because doing it will violate the first Amendment where people have the (right to press) the right to produce what they want and people to view what they want. Pornography should not be restricted because people have the (right to expression) the right to express how they feel. And it shouldn’t be restricted as long as it shows adult only by regulating it in a
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INDUS BUSINESS ACADEMY ASSIGNMENT ON A CASE STUDY OF ANY COMPANY DOING FRAUDULENT ACTIVITY AND ITS FURTHER PROCEEDINGS SUBMITTED BY: Radha Gupta FPG/1113/023 COMPANY BACKGROUND:- Mahindra Satyam (formerly Satyam Computer Services) is an Indian IT services company based in Hyderabad‚ India. It was founded in 1987 by B Ramalinga Raju. Mahindra Satyam is a part of the Mahindra Group which is one of the top 10 industrial firms based in India. The company offers consulting and information
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Topic : Internet Scam Thesis Statement : Why many students victimized in Internet Scam? The aim of this chapter Chapter 1 : I.Introduction The aim of this chapter is to give an overview of Internet fraud in general. The Internet fraud definition‚ types and examples will be discussed. The chapter identifies some web applications that are suffering from Internet fraud as well as some statistics for Internet fraud impact. It also presents some existing techniques and strategies to detect and prevent
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What is Coalgate scam? Coalgate is a name given to the scam in India where the CAG has reported allocation of coal blocks in the country to business companies without recommendation of the appropriate agencies by the congress led UPA government for mining coal as energy resource for investments & profits. Dr. Manmohan Singh is the Prime Minister since May 2004 and was personally in-charge of the Coal Ministry from November 2006 to May 2009. The average allotment of coal blocks was 3-4 per year
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10 years of financial scams It terms of reform and development‚ the Indian capital market and financial sector have been the fastest to grab every opportunity presented by the paradigm shift in India’s economic policy. Their furious developmental activities have put the two top Indian bourses almost on par with the best in the world‚ in terms of their structure‚ systems and regulation. But for all the development efforts‚ the capital market remains seriously flawed because three key ingredients
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COFFIN SCAM After the armed conflict that took place in 1999 between India and Pakistan in the Kargil sector of India‚ the Comptroller and Auditor General of India (CAG) found abnormalities in the purchase of Coffins for the Martyrs of the Kargil War. The nature of the irregularities committed in clearing certain defense deals mentioned in the CAG’s report showed large irregularities were committed in the purchase of coffins by the Army during the Kargil operation. The caskets that were bought
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