Shares of Indian IT services provider Satyam Computer crashed today on the Bombay Stock Exchange after the company’s chairman B.Ramalinga Raju acknowledged massive fraud in the company’s accounts. On the Bombay Stock Exchange today, Satyam shares fell 77.69% to Rs 39.95. Ramalinga Raju said in a letter to the company’s board that the fraud had […]
Indian IT services provider Satyam Computer Services today acknowledged duping investors for years through massive fraud in its accounts. Satyam’s beleaguered Chairman B.Ramalinga Raju and managing director B.Rama Raju have resigned. Ha Ha Ha, Duped You All – Ramalinga Raju Providing details of the massive fraud in a letter to the company’s board, Ramalinga Raju said the balance […]
