Satyam computers News: Shameful Satyam's Fraud

Satyam's Raju resigns From Satyam. Satyam Computer's shameful fraud and Ministry of Corporate Affairs News Details.

Hyderabad - Shareholders of disgraced outsources satyam has nothing to rejoice over the end. Reports doing rounds in the market, the tech company's founder-chairman B. Ramalinga Raju has put in his resignation papers and waiting for a nod.

Satyam's stock has lost 69 percent of its value this year, low-performing a 50 percent drop in IT index, as global worries mount for the sector because of a glob Satyam's stock has lost 69 percent of its value this year,

Comment on the size of satyam fraud, Mohandas Pai, Head-HR and Administration, Infosys, said he had never imagined anything in that proportion would happen. According to Pai, independent directors are not aware of fraud is entirely credible, because they know about they are engaged in the same criminal liability could dem.t directors for not knowing about the fraud is entirely credible, because they know if they are involved in the same, the criminal liabilities could reach them.

Satyam news : Ministry of Corporate Affairs

Ministry of Corporate Affairs sees in the message sent by Ramlinga Raju to exchange admission procedure fraud satyam accounts. Minister said that the ministry will consider the roles of business leaders, company auditors and company secretaries in the fraud and the Corporate Affairs Ministry is in constant contact with regulators Sebia and since this is a complex problem.