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Satyam: Analysis of a scandal

Zafar Anjum | Jan. 12, 2009
In a special podcast, MIS Asia journalists discuss the Satyam scandal and its aftermath with two analysts-- IDC's Philip Carter and Springboard Research's Dane Anderson.

MIS Asia presents a discussion on the Satyam scandal that has rocked Indias corporate world and has attracted global attention. Satyam Computer Services, which is Indias 4th largest software services exporter, is now facing government enquiry and an uncertain future after its chairman B Ramalinga Raju resigned admitting that there were massive irregularities in the company accounts.

The immediate reaction was that the companys share prices went down by 75 percent. The Bombay stock exchange sensitive exchange went down over 4 percent. The companys financial fraud is estimated to be of more than 1 billion US dollars. The scandal has caused an outcry in the Indian corporate sector and is being seen as Indias Enron.

In the wake of these startling facts, what will be the impact of these developments on Satyams clients, its employees, Indias outsourcing sector itselfthese and many more things are discussed in this special podcast -- with IDC's Philip Carter and Springboard Research's Dane Anderson. 

 

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