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Raju confesses to fraud, quits

Published January 7, 2009, 7:15 pm, Business Standard India

Disclosure after DSP Merrill Lynch discovers irregularities; Company sets up SWAT team. In one of the darkest days in India’s corporate history, Satyam Computer Services Founder and Chairman B Ramalinga Raju resigned after saying he falsified earnings and assets.

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Raju confesses to fraud, quits - Business Standard
In one of the darkest days in India?s corporate history, Satyam Computer Services Founder and Chairman B Ramalinga Raju resigned after saying he falsified earnings and assets. The revelation comes soon after Raju was forced to reverse a decision to ...

Satyam appoints Ram Mynampati as interim CEO - Business Standard
Mynampati has been mandated by the Board to steer the company through this crisis, said a company statement. "We are obviously shocked by the contents of the letter sent by Raju to the company. The senior leaders of Satyam stand united in their ...

Raju confesses to fraud, quits - Business Standard
In one of the darkest days in India?s corporate history, Satyam Computer Services Founder and Chairman B Ramalinga Raju resigned after saying he falsified earnings and assets. The revelation comes soon after Raju was forced to reverse a decision to ...

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