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In 2009, Satyam Computer Services’s chairman Ramalinga Raju has confessed that the company’s book of accounts has been falsified and he had manipulated the accounts by Rs 14262 crore (USD 1.47 billion). On December 2014, Hyderabad Court sentenced Satyam founder B Ramalinga Raju and his brother Rama Raju to 6 months in jail and imposed a fine of Rs 5 lakhs on each of … [Read more...] about World’s 8 biggest corporate scandals of all time
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