Satyam Computer Chairman B Ramalinga Raju Resignation
01/08/2009:
One of India's big software resource company, Satyam Computer, has gotten itself into some trouble by overstating their profits for the last couple of years. B. Ramalinga Raju., founder and chairman of Satyam, has since resignation and claimed to have inflated the revenues to show more profit. Ramalinga is currently believed to be in Hyderabad and could face 7 to 10 years in jail.
One of India's big software resource company, Satyam Computer, has gotten itself into some trouble by overstating their profits for the last couple of years. B. Ramalinga Raju., founder and chairman of Satyam, has since resignation and claimed to have inflated the revenues to show more profit. Ramalinga is currently believed to be in Hyderabad and could face 7 to 10 years in jail.
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