Presentation by- Swapnil MaliRohit Deshmukh Vipin Bhosale 2.

The capabilities of don't just the supporter but On top of that other parties, including the professionals, board of administrators, auditors and bankers, are talked about in detail. Facebook.

The Satyam Fraud discussion is selling like a hot cake. What lessons about the audit committee can be learned from this case? This case is basically the sheer example of power and position, that is what matters. How was the fraud able to occur?

The case report should provide a title pageI Have attached the case study in the folder and the directions along with itFor quite a reasonable period, Satyam was the 4th largest information technology (IT) and software developing company in India. Even Credit Suisse abandoned its association for the company (Bhasin, 2008). Which very soon got entered among the list of the “Notorious” companies in the country.

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2.Critically evaluate the corporate governance mechanisms adopted by Satyam. So, Raju very aggressively started purchasing the nearby properties of the proposed metro track with an opinion that when the metro line construction will be complete then the rates of that place will increase to many times, and then he started planning that he will introduce the profit which will be earned by the real estate to Satyam and then he will deliberately show the fake financial figures like sales profit etc. In 1987, Mr. Raju founded Satyam Computer Services along with one of his brothers-in-law, DVS Raju, in Hyderabad. And cause of this, SEBI applied the ban of approx  two years on PWC, later U.S. stock market regulator (SEC) also applied a fine of 6 million dollars, after this it was also revealed, that Satyam used to ( give an amount double to that of the amount provided by the IT industry companies to its Auditors) to PWC. Incorporated companies are like a shield , it’s a protective bubble around a corporation’s shareholders and directors. From Enron, WorldCom and Satyam, it appears that corporate accounting fraud is a major Enforcement Directorate (ED) had put laundering charges on 47 people and 166 companies along with Mr. Raju. Despite having a good reputation and achieving distinctive accreditations within this market, the company was hit by a scandal that almost brought it to its knees. 1850 Cr.

The revelation of this fraud caused havoc within the company and attracted the attention of the…Imperialism and Racism in ‘The Shooting of an Elephant’ And their Mr. Raju moved away from the traditional agriculture business and shifted to the real estate business as before starting Satyam computers he was having his cotton mill business and then finally he started a construction company called Satyam Constructions.

Case Study : The Satyam Scam 799 Words | 4 Pages.

Satyam computers, One of the fourth largest IT companies in India.

LinkedIn. then to bury this question Raju very smartly showed several fake bank statements, moreover he was able to show that the money shown by the sales are deposited in the bank which means he had started showing several bank reserves which in true sense never existed at all.

Auditors work is to  have a regular check on the companies figures and data, moreover they are assigned with the work to check the reliability and accuracy of the company.

Moreover he started purchasing properties on the name of Maytas companies and his family members, he aggressively started purchasing the properties and when he was in need of more money for purchasing  further properties he started manipulating the financial statements of Satyam, for example if the company shows the actual profit of 6 Cr. Which very soon got entered among the list of the “Notorious” companies in the country. Satyam Fraud Case Analysis Case Analysis Paper. Tech Mahindra purchased 51% stake of Satyam and christened the company with the name “ Mahindra Satyam”.

But unfortunately due to few corrupts, today people have aroused a question regarding the reliability, veracity of the existence of these companies. and then he will be able to fill the gap between the actual and the fake profit. Satyam computers was among the fastest growing companies, in India with the launch of Satyam Infoway ( Sify)Due to the boom observed in the real estate his attention got shifted to the real estate, moreover the real estate rates were also increasing in Hyderabad, So Mr. Raju the linchpin of the company ( the key player), in greed of money started purchasing land and properties in different states along with the properties in Hyderabad. In the year 1991-1992 Satyam computers were enlisted in BSE and 2001 it was listed in New York Stock Exchange, The company went public in 1992.

7000 Cr. Due to the observance of Satyam tremendous growth, and it’s strong financial statements satyam share price started surging, gradually and eventually Mr. Raju and his Brother Rama Raju started selling and lending shares and the with the remaining shares they started taking loans by lending the shares or collateral, and then kept on purchasing the properties, for purchasing properties Mr. Raju established about 365 companies, moreover Raju started purchasing properties on the name of his family members, relatives, even the CEO of the company started purchasing the properties for the workers,(the farmers who used to work in his field) and he started making them the directors of the company, moreover he introduced  many of his friend as the director of the company. Moreover, SEBI put the charges of “Insider Training” on Raju and his family, and ordered him and his family to return Rs.

And in order to show more sales Mr. Raju started developing fake sales invoices, and with this Raju had developed almost 7,500 fake sales invoices and very easily he was able to show the fake sales, but here the question arises that ,then where is the profit?

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