Satyam scandal could be 'India's Enron', page 1
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Topic started on 8-1-2009 @ 02:19 PM by serge

Satyam scandal could be 'India's Enron'


www.msnbc.msn.com
BANGALORE, India - The head of Indian outsourcing firm Satyam Computer Services resigned on Wednesday, disclosing that profits had been falsely inflated for years.

Satyam's shares plunged almost 80 percent. India's biggest corporate scandal in memory threatened future foreign investment flows into Asia's third-largest economy and cast a cloud over growth in its once-booming outsourcing sector.

(visit the link for the full news article)



[edit on 8-1-2009 by serge]

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[edit on 8-1-2009 by 12m8keall2c]
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