कैसे राजू जेंटलमैन से फ्रॉड बन गया?| Satyam Scandal | Tarikh Ep.116

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Tarikh Episode 116

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In this edition of Tarikh, Nikhil talks about Satyam Scandal. In 2009 the chairman of Satyam Computer Services, an IT service company based in Hyderabad, Byrraju Ramalinga Raju, resigned, confessing that he had manipulated the accounts of Rs 7,000 crore in company account books. Ramalinga Raju inflated the revenue of Company by adding false sale invoices to the account books. It resulted into inflated shares of company which Raju started selling in market. After 2008 financial crisis Raju real estate company MAYTAS was in a loss. He tried to cover up the scam by trying to sell MAYTAS to Satyam. But the scam was disclosed by an unknown email to the board of directors. In CBI investigations it was found to be one of India's biggest corporate fraud case where Satyam Computer Services Limited caused loss to the investors of Rs.14,162 crore. Watch complete video to know how Ramalinga Raju was able to dube the company for 8 years and why auditors couldn’t catch him?

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Edited By: Vishal