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Article: IT Industry and fraud ; The Satyam fraud may seem just an isolated case but thanks to the IT and ITES sector's unique characteristics, there is enough to suggest room for more frauds. Here is a quick checklist.
- Article from:
- Business Today
- Article date:
- April 5, 2009
- Author:
CopyrightCopyright 2009 Business Today. Provided by ProQuest LLC. (Hide copyright information)
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Recession. Slowdown. Companies across sectors praying for
customers. Contrast that with information technology and business
process outsourcing firms, where customer count was always a
recurrent boast. Before Satyam, that is: investigators into the
Satyam scam are now trying to find out, among other things, if the
IT major at all had the large customer base it used to claim before
promoter B. Ramalinga Raju was caught with his hand in the till.
Among the other things Satyam inflated or is suspected to have
inflated: earnings and employee headcount. For the authorities,
regulators, investors and industry brethren, the Satyam case has
raised a red flag over the entire IT industry and its ...
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Article: CBI ASKED TO PROBE SATYAM SCAM, INDIA'S GOVT ...
AsiaPulse News;
February 18, 2009 ;
700+ words
... ... had been given three-months to wrap up its probe into the Satyam scam, no time-frame has been set for CBI. "Yesterday, the ... Joint Parliamentary Committee to go into all aspects of the Satyam scam, including allegations of political patronage to its disgraced ...
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