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Satyam Computers: Canary in a Coal Mine?

Rover found this 1/7/2009 on galatime.com

Well, Satyam’s off to an interesting start for 2009: In a letter to the board of directors, Raju states that Satyam’s balance sheet as on Sep 30, 2008, carries an inflated (non-existent) cash and bank balances of Rs 5,040 crore (as against Rs 5,361 reflected in the books). Further, it ...