January 7, 2009
Satyam: harbinger for India?
Satyam’s share’s plunged 77 percent on CEO’s Ramalinga Raju’s admission that 90% of the profit it reported simply didn’t exist (about a billion dollars). The NYTimes.com has more.
In a world of family-run businesses, shady accountants, and growing corruption, you can’t blame us for asking. Who’s next?
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POSTED UNDER: Indian companies
