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Rs. 28040.00 (10 gm) Glitter Estimator

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India's biggest corporate fraud

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Ramalinga Raju, Satyam, hero to zero, fraud, Raju, scam

The government vowed to strengthen laws to prevent corporate fraud after Satyam Computer, the country's fourth-largest software company, shocked investors by revealing profits had been falsely inflated for years.

Chairman Ramalinga Raju resigned on Wednesday after revealing India's biggest corporate scandal in memory, sending the company's shares plunging nearly 80 per cent.

The following is an overview of how the fraud escaped detection for so long and what compelled a soft-spoken man born into a family of farmers to risk all.

Text: Reuters

Images: Copyright AP. Any unauthorised reproduction is prohibited.

Also Read: The man who shocked the nation | Satyam: The truth at last!

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India's biggest corporate fraud