satyam scam

Satyam scam

Presented By : Hanisha AkoliyaIMBA : 4

Smt. S. H. Gajera MBA Mahila college

INTRODUCTION

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Satyamscam

Who is b. Ramalinga Raju

o Born

o Family

o Residence

o Nationality

o Occupation

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The Rise of Satyam

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Year Satyam rise1987 Satyam Computers Pvt. Ltd. Born. 1991 June - First Fortune 500 Client.

August - Converted into Public Ltd. Co. 1994 The Big Break- Allies with Dun and Bradstreet

Corp. 2000 Declared one of the 100 most pioneering

technology companies by World Economic Forum.

2002 Dataquest IT Man of the year award.

Career of B. Ramalinga Raju

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The Entire Story( Satyam Scam )

People Behind This Scam

Ramalinga Raju : Satyam former chairman B Rama Raju : Brother of Ramalinga Raju Former Managing Director V Srinivas : Ex-Chief financial officer S Gopalakrishnan : Price Waterhouse Auditor Talluri Srinivas : Price Waterhouse Auditor

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THE SCAM1. Raju and his brother, B Rama Raju, were arrested by the

Andhra Pradesh police on charges of breach of trust, conspiracy, cheating, falsification of records.

2. Raju has mislead various investors.3. Raju had also used dummy accounts to trade in Satyam's

shares.4. He has violated the insider trading norm.5. Funds from Satyam were diverted to mayqas.6. On 22 January 2009,CIDtold in court that the actual

number of employees is only 40,000 and not 53,000 as reported earlier

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Company Logo

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HOW DID IT HAPPENED? Floated with two other

company Without taking permission of

shareholder Transfer of money

Failed to return money

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Reasons for Satyam Scam

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HOW THIS SCAM HAS RELATION WITH “MAYTAS” Maytas refers to a group of companies founded by B. Ramalinga

Raju. It includes Maytas Properties and Maytas Infra Limited.

A property development company founded in 2005.

Maytas Infra Limited: An infrastructure development, construction and project management company. Maytas Infra was originally run by Satyam Computer Services founder B Ramalinga Raju.

It came under the scanner due to its association with B. Ramalinga Raju.

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Conclusion

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THANK YOU

Presented By – Hanisha Akoliya