Satyam Scam: India's Biggest Accounting Fraud

The Satyam scam is one of the biggest accounting scams in India. The company was scammed by Satyam Computers. Satyam Computers was formerly the crown jewel of the Indian information technology (IT) industry, 

But their founders brought them to their knees in 2009 due to financial misconduct. Satyam's indirect demise discussed the role of the CEO in driving a company to new heights of success, as well as the CEO's interaction with the board of directors and in forming an important committee. The controversy underscored the importance of Corporate Governance (CG) in the development of a member of the committee's standards and board duties. 

The Satyam scam case shocked the market, especially Satyam Investor, and also damaged India's image in markets across the globe. So, let's understand what the Satyam scam is and introduce the topic.