This is by far Largest Corporate Scam in India Inc. Read more ...


Enron went bankrupt, but what of Satyam’s future? »

Fraud-felled Satyam Computer Services Ltd. is being called “India’s Enron,” after the head of the Indian out-sourcing giant admitted this week he had cooked the books to the tune of about $1 billion, leaving the company with almost no cash. Enron went bust and filed for Chapter 11. Its trustee eventually recovered billions of dollars [...]