Satyam founder arrested for criminal conspiracy, cheating, forgery, and falsification of records. Satyam's chairman earlier this week and admitted to overstating profits at the software exporter over several years by inflating the amount of debt owed to the company and understating liabilities. Satyam sank further ending down 40.3 per cent on the Mumbai Stock Exchange. Tough time for Satyam.
http://www.theaustralian.news.com.au/busin...5-36418,00.html

This post has been edited by yehlai: Jan 10 2009, 10:06 AM