Satyam Scam – The Story of India’s Biggest Corporate Fraud!
Trade Brains
JANUARY 20, 2023
A Case Study on ‘Satyam Scam’ Accounting Scandal: When the 2008 recession hit the world, India was not only going through a financial crisis but also an ethical crisis. Nearly $1.04billion in bank loans and cash that the books showed was nonexistent. PwC was found guilty and its license was temporarily revoked for 2 years.
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