A study of how the US stock markets performed in the aftermath of similar scandals in that country shows that share prices usually regain lost ground within a week of the initial shock.
Investors rattled by the disclosure of an accounting fraud at Satyam Computer Services Ltd and the subsequent tumble in Indian equity prices could [...]
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 [...]
DSQ Software, Pentasoft, Pentamedia had collapsed amid scandals over insider trading, malpractices
The scam involving Satyam Computer Services Ltd isn’t the first to to strike India’s software industry, although the scale of the accounting fraud to which chairman B. Ramalinga Raju has confessed may be unprecedented for the country.
In the past decade, companies such as DSQ [...]
This is by far Largest Corporate Scam in India Inc. Read more ...
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