A US court has dismissed civil claims filed against former independent directors of Satyam Computer in a lawsuit over a one billion dollar accounting fraud.

Hearing the petition, the US District Court Judge Barbara Jones of New York said there were insufficient allegations against the former independent directors and members of Satyam Computer’s audit committee.

India’s biggest ever accounting fraud came to the light in January 2009 when Satyam Computer’s founder and then

Chairman B Ramalinga Raju admitted to having overstated the company’s financials by more than one billion dollar and other wrong doings at the firm.

Tags:

More Under CA, CS, CMA

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

December 2020
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031