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WardOffMonkey

01/09/09 4:59 PM

#82190 RE: risktaker2005 #82189

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.