Рет қаралды 139,547
The Satyam Computer Services Scandal was a corporate scandal affecting India-based company Satyam Computer Services in 2009, in which chairman Byrraju Ramalinga Raju confessed that the company's accounts had been falsified. PricewaterhouseCoopers affiliates served as independent auditors of Satyam Computer Services when the report of scandal in the account books of Satyam Computer Services broke. The Indian arm of PwC was fined $6 million by the SEC (US Securities and Exchange Commission) for not following the code of conduct and auditing standards in the performance of its duties related to the auditing of the accounts of Satyam Computer Services. In 2018, SEBI (Securities and Exchange Board of India) barred PwC from auditing any listed company in India for 2 years. On 13 April 2009, via a formal public auction process, a 46% stake in Satyam was purchased by Mahindra & Mahindra owned company Tech Mahindra, as part of its diversification strategy. Effective July 2009, Satyam rebranded its services under the new Mahindra management as "Mahindra Satyam". Tech Mahindra announced its merger with Mahindra Satyam on 21 March 2012, after the board of two companies gave the approval.
Harshad Mehta Scam:
• હર્ષદ મહેતાની રસપ્રદ ર...
Please do like, share and subscribe Fun for Gujaratis for such other content.