The name of the company is Satyam, but this is what their outgoing chairman said
B. Ramalinga Raju, founder and chairman of Satyam Computer Services Ltd.- said in a letter of resignation that he overstated profits for the past several years, overstated the amount of debt owed to the company and understated its liabilities.
This reminds me of a scene from Muthalvan where one of the fraud's name is Neethi Manikkam.
Wednesday, January 7, 2009
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