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The Satyam salary fraud

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  • Published On: January 23, 2009
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Ramalinga Raju said he inflated profits. The CID's public prosecutor said in court on Thursday that he inflated the number of his employees. That Satyam has no more than 40,000 employees. And that the salaries of 13,000 so-called employees or one in four employees was probably being diverted elsewhere. Raju's lawyer Bharat Kumar says that is a lie. "It is nothing but imagination. There is no ground for such accusation."
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