Satyam episode completes 30 days
On January 7, Satyam's founder Ramalinga Raju confessed to the country's biggest corporate fraud involving about Rs 8,000 crore. Following the shocking disclosure of accounts doctoring by Raju, it dealt a blow to India’s corporate image and the next 30 days have been full of drama.Fraud, confession, courts, jail – and the world's calling it India's Enron – left Satyam exposed with employees scared and investors stunned.“In an unprecedented move the government took charge superceeding the Satyam board,†said minister for corporate affairs Prem Chand Gupta.
