Special Podcast
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.
Click here to listen to podcast.
