Jan 22 2009

Satyam fudged FDs, has 40,000 employees

The public prosecutor on Thursday said that Satyam fudged FDs and diverted Rs 20 cr every month on fictitious employee names. The company has 40,000 employees and not 53,000 as mentioned earlier. He said that hundreds of acres of land were bought on benami accounts. HDFC Bank accounts were also found forged. It was reported [...]

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