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Re: risktaker2005 post# 82189

Friday, 01/09/2009 4:59:07 PM

Friday, January 09, 2009 4:59:07 PM

Post# of 92056
Satyam Computer Services LTD. Pretty hefty misrepresentation of earnings for last seven or so years. It's a bit enough fraud that some are calling it India's "Enron".
http://www.bloomberg.com/apps/news?pid=20601091&sid=albKpFMtroSY&refer=india Satyam is one of the largest backoffice outsourcing companies in the world, handling computer systems as well as customer service call centers for many of the Fortune 500 companies.
btw, "Satyam" means "Truth" in Sanskrit.

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