Case Study Of Satam Scam

Introduction
Life isn’t solo fight; it’s a joint venture and trademark is a one of belief that I had been espousing from childhood”
My name is Suchet Mahajan and I am the student of Chitkara College of sale and retail Marketing. My mentor asked me and the whole class to make a report on Satyam scam. I am very thankful to my mentor to give such type of task to us.
It had been two decades when corporate governance was unknown subject. At that time nobody thinks about that. In the 80s or 1990, there are several examples of failure by corporate governance or somehow due to the neglection of government in the various country. Junk Fiasco of USA and failure of Maxwell, Poly pack of UK and BCCI are the beginning of the corporate governance standard.

Ltd. and Satyam enterprise solution private Ltd.
 Satyam is the India first IT company listed on NASDAQ
 In 2003 Satyam computer signed a document with World Bank to give them better service in IT sector.
 Satyam is listed in 3 stock market such as NASDAQ, DOW JONES and EURONEXT
ABOUT CASE
Satyam scam is the fraud about the misrepresentation of account to the shareholder, board, to the investor, all stakeholder, and stock exchange. They are not just doing the accounting fraud but also manipulation of market
Satyam also lie that financial health of company to its stakeholder. Satyam does the business with World Bank for the 8 years alleged mall practice in securing a contract and its share fall.
Satyam board member on next day leaves the company. And Satyam largest investor said on 2008 December 30 they could sell its entire stake.
On 2008 Ramalingam Raju announced a 1.6 billion bid for the two MYTAS company such as mytas infrastructure and mytas property Ltd. move the cash for the benefit of the investor
These company (MYTAS) also control by the Raju family
On June 2009 Ramalingam Raju announced that fraud of rs 7800 crores and he is resigned as the chairman of the