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Price Watergate

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The chairman of one of India's largest technology companies,Satyam Computer Services Ltd, said he concocted key financial results, including a fictitious cash balance of more than $1 billion, sending shock waves across India. If this scandal proves anything to transnational investors and corporations it would be that doing business in India may be less risky than doing so in the more criminal friendly USA.

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At skepticaltexascpa.blogspot.com

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Related Topic(s): Corporations; Culture Of Corruption; Deregulation-Regulation; Fraud; Global Financial Collapse; Scandal, Add Tags

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