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Enhancing Financial Transparency and Accountability: A Case Study of Satyam Computers & Enron Corporations

Corporate Law : Explore the lessons from Satyam Computers and Enron scandals, their impact on corporate governance, and the role of transparency. ...

March 21, 2024 348 Views 0 comment Print

Satyam & PNB Scandals: A Wake-Up Call for India’s Enforcement & Investigating Agencies

Finance : Explore Satyam and PNB scandals in India's corporate world and how government agencies like CBI, SFIO, and ED played a pivotal rol...

September 15, 2023 1815 Views 1 comment Print

When The Numbers Didn’t Add Up: The Satyam Scandal Explained

Company Law : Satyam fraud case serves as a cautionary tale that highlights the importance of corporate governance and the responsibilities of t...

February 8, 2023 10173 Views 0 comment Print

Reminiscences of Corporate Governance from Satyam Fraud

Company Law : Satyam Case is a tale of irony in the name of the company. The word ‘Satyam’ means truth whereas the Satyam Case is about the ...

July 28, 2020 9078 Views 2 comments Print

SAT Order – PWC Satyam Case

CA, CS, CMA : It is ripe time for ICAI to take initiative and show leadership in conveying and educating the investors, regulators and other sta...

September 13, 2019 6111 Views 0 comment Print


Latest News


TDP alleges Andhra CM's son got money from Satyam

CA, CS, CMA : The gloves are off in the fight between the Union Government and Opposition on who is helping scam-tainted Satyam Computer Service...

February 19, 2009 282 Views 0 comment Print

Price Waterhouse heads for a disgraceful exit at SATYAM

CA, CS, CMA : Tainted Satyam auditor Price Waterhouse heads for a disgraceful exit as the new board of the IT Company is believed to have initia...

February 18, 2009 306 Views 0 comment Print

Satyam bidders will not get to see Accounts before bidding

CA, CS, CMA : The suitors seeking to take over the scam-hit Satyam Computers will not be able to go through the restated financial statement or ...

February 15, 2009 261 Views 0 comment Print

IT officials served notice to Raju for evading taxes

CA, CS, CMA : The cup of woes for B Ramalinga Raju seemed to be full as income tax officials drove down to the Chanchalguda jail on Thursday and...

February 15, 2009 501 Views 0 comment Print

Inside the secret world of auditing : Business Today

CA, CS, CMA, Finance : PwC’s unqualified opinions of Satyam’s financial statements were materially false and misleading… as an accounting expert wh...

February 14, 2009 417 Views 0 comment Print


Satyam's board had violated Section 372A of the Companies Act

January 21, 2009 1219 Views 0 comment Print

 The RoC’s findings which it said will be made final after all documents are made available suggest that in approving the acquisition of 100 per cent in Maytas Properties and 51 per cent in Maytas Infrastructure, Satyam’s board had violated Section 372A of the Companies Act. Sub-section 1 of Section 372A stipulates that no company […]

Can Satyam claim a refund of taxes on onerstated income?

January 21, 2009 325 Views 0 comment Print

Today, the fraud at Satyam Computer Services is one of the hottest topics around. There are so many questions relating to various taxation issues that are constantly cropping up. One of the common questions going through everyone’s mind is: Can Satyam claim a refund of taxes already paid on its inflated income for all the earlier years?

Satyam gets buyout offers, confirmed by board members

January 21, 2009 174 Views 0 comment Print

Troubled software exporter Satyam on Tuesday said it has been approached for takeover by domestic and foreign companies, the IT company’s board member Tarun Das said.

ICAI will serve show cause notice to Satyam auditors

January 21, 2009 243 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI) has decided to serve show cause notice to the auditors of the tainted Satyam Computers, ICAI central council member K Raju said on Monday.

Satyam auditors who signed the Balance Sheet were not Partner in PWC

January 21, 2009 2402 Views 0 comment Print

The two auditors of Satyam Computer Services, appointed by PWC to audit the accounts of the company, were not partners of the audit firm at that time, people close to the investigation told.

What Was Behind Raju's Confession?

January 21, 2009 456 Views 0 comment Print

Did Satyam Computer Services’ promoter B Ramalinga Raju make a calculated move in owning up to a Rs 7,800 crore fraud to lessen the degree of punishment? With media reports speculating that Raju may have had benami accounts, land holdings and so on, senior government sources told Outlook Business that the suspicion from day one […]

Satyam Fiasco will be probed by ICAI High Level Committee- K Raghu

January 21, 2009 354 Views 0 comment Print

Institute of Chartered Accountants of India (ICAI) has formed a six- member high level team to go into the Satyam Computer Services fiasco that has drawn international attention, informed ICAI central committee member K Raghu.

Satyamgate – Investigators need to look deeper into associate Cos and subsidiaries

January 21, 2009 384 Views 0 comment Print

THE Ministry of Corporate Affairs has ordered an inspection of the accounts of Satyam Computer Services Ltd. under Section 209A of the Companies Act that brings in its ambit the subsidiaries too. The Ministry has also ordered serious frauds investigation under Section 235 of the Act.

Satyam Jokes

January 20, 2009 1093 Views 0 comment Print

November: Ram Gopal Verma was sighted inside Taj Hotel, Mumbai. January: Ram Gopal Verma was sighted in Satyam Computers Hyderabad.

L & T has a plan to save Satyam: A. M. Naik

January 20, 2009 411 Views 0 comment Print

Engineering major Larsen & Toubro (L&T) continues to be interested in acquiring Satyam Computer Services . L&T’s chairman AM Naik told ET that L&T, which is one of the largest shareholders of Satyam, is not interested in being a spectator in the ongoing saga.

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