MIS Asia presents a discussion on the Satyam scandal that has rocked India’s corporate world and has attracted global attention. Satyam Computer Services, which is India’s 4th largest software services exporter, is now facing government enquiry and an uncertain future after its chairman B Ramalinga Raju resigned admitting that there were massive irregularities in the company accounts.
The immediate reaction was that the company’s share prices went down by 75 percent. The Bombay stock exchange sensitive exchange went down over 4 percent. The company’s financial fraud is estimated to be of more than 1 billion US dollars. The scandal has caused an outcry in the Indian corporate sector and is being seen as India’s Enron.
In the wake of these startling facts, what will be the impact of these developments on Satyam’s clients, its employees, India’s outsourcing sector itself—these and many more things are discussed in this special podcast -- with IDC's Philip Carter and Springboard Research's Dane Anderson.
In a special podcast, MIS Asia journalists discuss the Satyam scandal and its aftermath with two analysts-- IDC's Philip Carter and Springboard Research's Dane Anderson.
By Zafar Anjum
12 Jan 2009
12 Jan 2009
