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Satyam Chairman Resigns After Falsifying Accounts (Update5)

[ The Financial Ninja ] found this 1/7/2009 on bloomberg.com

Jan. 7 (Bloomberg) -- Satyam Computer Services Ltd. Chairman Ramalinga Raju resigned after saying he falsified earnings and assets, prompting a collapse in the stock of India’s fourth-largest software-services provider. Raju unsuccessfully tried to sell two companies to Satyam last month in a ...