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THE STORY OF THE BIGGEST CORPORATE FRAUD IN INDIA Presented by mervin itteerah thekkan [email protected]
| Date post: | 13-Jul-2015 |
| Category: |
Business |
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THE STORY OF THE BIGGEST CORPORATE FRAUD IN INDIA
Presented bymervin itteerah thekkan
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• Profits were inflated
• Understated liability & overstated debt
• Accrued interests
• The gaps in balance sheet are due to inflated profits
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• Biggest single day fall for a stock in stock market, Rs.175 on Jan 6Satyam shares
• Bse sensex fell 7.25%
• Nse sensex fell by 6.18%Stock market
•11464 crores 1607 croresCompanies worth
77%
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Oct-08Nov-08
Dec-08Jan-09
Feb-09
Ramalinga Raju
Barack Obama
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• Started 7 years ago.
• 10 crores was inflated to 200 crore in balancesheet.
• This marginal gap went on expanding over years
7800 crorefraud
Ramalinga Raju
B.Ramaraju
T . SrinivasS.Gopala
krishnan
V. Srinivas
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