Looks like this may have significant implications on outsourcing services like IT to India.
"Raju, who founded Satyam more than two decades ago and who took it public in 1991, said about $1 billion, or 94 percent of the cash on the company's
books, was fictitious."
Please stay clear of the "fan".
(did a quick search, didn't see this posted here, sorry if I missed it)
www.msnbc.msn.com
(visit the link for the full news article)
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