Satyam Scam Explained | Satyam Fraud Case Study

Hey Everybody, this video is about one of the biggest-ever corporate accounting scam in India. Satyam computer services ltd was started in 1987 in Hyderabad by the Raju brothers, Rama Raju and Ramalinga Raju.
Tensions started when the brothers decided to merge with the company called Maytes. The merger of the two companies gave rise to various legal issues in this case. B Ramalinga Raju confessed to a huge financial manipulation to the tune of Rs 50.4 billion in Satyam’s books of account.
A web of 356 investment companies was used to allegedly divert funds from Satyam. The Government and SEBI took various steps to tighten the grip on such offenders. They brought several new regulations under the Companies Act of 2013. Now, companies are obliged to change their auditors every 10 years.
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I have made this Video keeping in mind various Competitive Exams. I hope you enjoyed this discussion - If you have any questions, feedback, or suggestions - Do let me know in the Comment Box!
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Thank you!

[@Hamlax]

Who’s here after studying auditing?

[@henilkakadiya7544]

CA INTER

[@mr-magoo-g]

Corporate governance 😅

[@Escapist...]

It feels so good to see this Channel growing. I am sure all the New Presenters will continue to add to the Charm of the Channel ! All the Best !

[@virenbachani5305]

Visuals. Narration. Flow. Conceptualization - Top notch. Loved it!

[@alokranjan645]

Looking like he was the Raju of Hera pheri 😆😂, Btw very well explained mam and hats off to the efforts of finology legal towards law.

[@_FinologyLegal]

Glad you liked it!

[@vitthaldevkatte5512]

This video 50% credit goes to graphic designer

[@_FinologyLegal]

Yes!!!

[@gouravjassal1705]

I agree bro

[@gouravjassal1705]

@Priya Jain thank u mam 👍❤

[@ashutoshsingh9273]

Each and every mentor of finology legal is very intelligent. 🤘🤘🤘🤟🤟🤟. Keep it up. I do not stop to say that now a day news anchor are not showing real issue or important issues related to country in obvius manner. But this channel taught us about the ongoing situation of country and so many topic on which people also wanted to know . ( like Farm bills ).

[@20ENB049]

Excellent explains mam. Do these series regularly.

[@dheryaswami5247]

This is really good. I love the graphics and you explained it really well. Thank you and waiting for more

[@_FinologyLegal]

Thank you

[@shyammohansharma8919]

Hello I am writing here cause I have seen Ms. priya's video on landmark judgement. Many new judgments have come during the last 2 decades. Wish you people can make a videos regarding that. I will help us students alot. Thank you. Nice videos guyz. Keep up the good work.

[@fauziyakhan2616]

A big 🙏🏻Thanks to finology legal team for enlightening us regarding the real and important issues of the country. Since the Godi media is busy in Kangna Bollywood & Bihar Election campaign of BJP, people like you are the only left hope for real news. keep it continue please...

[@thorsingh5019]

Investing is haram stay away from it or you will not get hurra in heaven

[@rushibak6119]

Well explained mam...U all are a great team... I want these types of interesting topics again

[@jyotiramsy8166]

I really loved your teaching style ma'am

[@shubhamwadhonkar1999]

Keep This Series Continue... Explain More Scams Madam🙏🏻🙏🏻

[@juheegoyal1358]

superb explanation mam ...seriously loved it 👌👌...and yes it will be gr8 to share more information abt other scams ...i really want it ..thnks a lot mam 😊😊

[@_FinologyLegal]

Thank you 🤗🤗🤗

[@fitandfine5575]

Finology legal is the best channel for competitive and law exams 👏👏

[@barkhashaw4749]

Well exlpained.. Plz make more videos on scams..

[@aradhyahari4842]

Apne ache se smjhaya. Apka bhala ho! 🙏🏻🙌

[@PrashantKumar-tb9hu]

Hello Ma'am..Really liked the information presented to us with such an ease. Very easy to understand. It would be very nice if you can prepare similar videos over other financial scams in India like Sahara Scam, Harshad Mehta scam etc.

[@kavya9869]

this is so very well explained, keep up the good work!

[@kanupriya7904]

U explained very well & Graphic designing also gud. 😊

[@_FinologyLegal]

Thanks and welcome!

[@lalitha5399]

What girls will do ..... This question was asked by many people. But u guys just rocked it and proved everyone wrong and female are equal to men... And we r same in every field. Thank you so much man 😊😊😊

[@anuradhasharma-zl6tk]

Easy and effective explanation...keep it up!👍

[@Vibhu-vd3ge]

Mam plssssssss give the 2nd part revision of fundamental rigts u r fabulous your teaching style is really goood plsss mam post the 2nd part as soon as possible

[@TusharChatterjeeJishu]

Good video but it's Maytas, not Maytes. Maytas is just reverse of Saytam - that's the logic behind it

[@palajyoshna8608]

Very well explained 👏👏

[@aishas_abayastore]

This is a Very Useful and good information with a Very Nice Explanation .......Keep it up mam

[@_FinologyLegal]

Thanks a lot

[@ashwanidubey8429]

Very nicely and briefly explained. Please make a video on Harshad Mehta case as well.

[@_FinologyLegal]

Here is the link for Harshad Mehta Scam: Explained by us Finology Ticker- kzbin.info/www/bejne/o3yXlqBurqudhMU

[@ashwanidubey8429]

@@_FinologyLegal thanks a lot

[@vinodkumarsingh8518]

Excellent Information !

[@nehagosavi6980]

Congratulations !!! Your content is expanding....☺👍👏

[@RajithaSingh]

Incredibly amazing✨✨🤗

[@rahulhanumante8344]

Sound Quality is very poor in explanation..Please improve. Otherwise Nice informative video.!!

[@riturajchandan4497]

Well explained Thankyou 🙏

[@calcuttacity4443]

Mam Satyam company ka had state m Jo property tha ohh kaha gaya Govt n acquired kar liya kya ... ???????? Nice lecture mam .. Love from Sundarbans , West Bestgal

[@AnantJain287]

U didn't tell about money laundering and about steps taken by enforcement directorate. Also resignation of independent director.

[@bighneshmishra6185]

The video is very informative...but make a short correction it's not MAYTES it's MAYTAS(SATYAM spelled backward)❤️❤️❤️ keep on the good work 🔥🔥🔥🤟🏻🤟🏻🤟🏻

[@shifaawasthi325]

Explanation is very clear thank you

[@tasveerparmar6297]

Excellent explain ma'am

[@rafishaik5989]

Thank you madam

[@akankshyapattanayak4158]

Very Nice Mam.... We are waiting for much such videos ..

[@janviprajapati546]

This video is very useful for the student.👍👍👍

[@christinaanil]

wow.well explained..thanks a lot!!

[@_FinologyLegal]

Glad you liked it.

[@abhabehera4432]

Well expressed mam ,thank u

[@zramg6788]

fantastic info mam please bring another story like this

[@studypassion1111]

Very well explained👌👌👌👌 Thankyou so much mam😊😊😊

[@satyammishra81]

Well explained mam

[@HarshPatel27]

Great content but next time please focus on the audio quality.

[@flyingarsee5880]

This channel is really helpful. ❤👍

[@manshijoshi4424]

Thank you ma'am! I appreciate your teaching skills.... 😊

[@RakeshSharma-ud9tr]

Clear cut n too the point explanation 👍 Fabulous 🙏

[@akhileshsalunkhe8807]

Thanku so much mam i was reading a lifting of corporate veil then I can't understand before watch this vedio now I will purely understand thanku man

[@abhishekaswal2202]

Yo made it very easy to understand this scam ...... Thankyou ❤️

[@_FinologyLegal]

Glad to hear that

[@mdshakir7956]

Superb lecture thanks a lot mam

[@supriyatiwaari]

Awsome mam..🙏🏻

[@Muskan-dl4qp]

Thank you mam for better understanding

[@indianblood8330]

Wow thank you so much!😊

[@AnkitaYadav-sv8ix]

Nice explanation 👌 ❣️

[@praveenralhan936]

Hello Dear I would like to see more such videos, u hv well explained the scam. God bless.

[@ShyamSundar-rl3pw]

Love the way you presented!!

[@Kishoriji4642]

Very help for case study

[@kanupriya7904]

Sure.. Upload more. These r our subject topic too. Really helpful. Thanku

[@NishaYadav-pc1pz]

Good explanation mam 👍🙏

[@shobhitbabbar7711]

An episode for this on Bad Boy Billionaires would have been amazing

[@alishapattnayak8938]

Thanks Mam.. very nicely explained..

[@SachinVerma-rc8ii]

Waah kya baat h.... Itne bade scam me sja 7 saal fine 5 cr... Its joke

[@pritombaruah5393]

Hi Kakoli, this was story, should have added legal aspects is business also.

[@anushkasikerwar1127]

Harshad Mehta scam Bofors scam Adarsh housing society scam please

[@saritabhuckal6275]

It was really helpful...thnku mam😊

[@_FinologyLegal]

Keep watching

[@Anamikabhaskar-wu4po]

Too good mam

[@shekhuakhtar4003]

NFRA was also formed by the government to check auditors of such big companies

[@riteshkumar6537]

Are u going to explain such interesting topic regularly????

[@samreennazir2074]

Great video, keep it up guys

[@_FinologyLegal]

Thanks so much!

[@nituvishwakarma3136]

Is there are chances of Financial emergency to be imposed due to Pandemic Crisis in India? Please make a video on Why India never had imposed Art.360 ?

[@sakshirawat8560]

Thank you ma'am for your explanation. 😊

[@TheMotorman1981]

What about extra income tax for inflated profits? Did he clear His income taxes in time? How did he inflate his books of accounts? how did his CA audit his company?

[@aameyasharma3555]

The weird this (or should I say smart thing) is that he named MAYTAS AFTER HIS OWN NAME SATYAM (Read it backwards)👀

[@rsingh1508]

Court :- 5 cr fine Satyam :- cash me ya fir check. ??

[@shivchaurasia7825]

Excellent explanation mam

[@DM-mc5ky]

Nice explanation and graphics

[@_FinologyLegal]

Thank you 🙂

[@jaishreeram7484]

Very well explained

[@sonamjainin]

Please do a research on how Andhra employees treated Mr.Ramalinga Raju....

[@kunals6251]

Aise hi informative content ke liye channel ko subscribe kare. Great content. Thank you

[@mylovesindrella5761]

बहुत ही बढ़िया बतैलू ह ... मैडम जी.... धन्यवाद ।🙏

[@mampisarkar5823]

Thank you so much ❤

[@imtiazfaisal210]

Rama and Ramalinga Raju both were convicted for fraud/scam. Then what reputation do they have left. The petition filed doesn't make sense.

[@rohanbandgar5838]

Very well explanation

[@_FinologyLegal]

Glad you think so!

[@TheSonuYadav2024]

Thank you so much ma'am

[@deepanshusuthar7708]

Thank you mam 😊❤

[@_FinologyLegal]

Most welcome 😊

[@jayindia4427]

Excellent 😊😊😊

[@karunakhatri9461]

Wow presentation

[@karuturisumanth6468]

(4:26 ) politicians are less mentioned but there would be a hand of politician in every scam .

[@coscomosco4388]

Ma'am, Can you mention the sources from where you got this information? So, that we might get to know the authenticity of the information provided.

[@karansahi7424]

great content. but you guys need a better mic. it hurts

[@shivarajahamsa]

@2:26 its not Maytes it is Maytas - "Satyam" read backwards

[@manasdalui2704]

Very good sach Bina hichka bolia

[@vishnukanthsanthanaraja6103]

Please include English subtitles so that people who doesn't know Hindi(like me) could understand .

[@d701d]

Superb explanation

[@karteekkatta6579]

It's Maytas, not Maytes.

[@santoshtayshete7633]

Nice Explanation

[@megha5322]

Thank you mam

[@krishnavenibalasubramanian1420]

Thanks a lot to finology team.. Can you make a videos about CORPORATE GOVERNANCE..? Please nd missing u Priya mam n ur 'HEY EVERYBODY'