Meaning
Understanding one of India’s largest corporate frauds.Definition
The Satyam Scam refers to a massive accounting fraud uncovered in 2009 at Satyam Computer Services Limited, where the founder admitted to falsifying financial records.Modus Operandi
The fraud involved inflating revenues, fabricating invoices, and misrepresenting cash balances for years, creating a false financial picture to deceive stakeholders.Impact and Aftermath
It caused significant investor losses, a sharp decline in share prices, and prompted stricter corporate governance and regulatory reforms in India.Author
