Sunday, January 11, 2009

Third person arrested in Satyam scandal

The chief financial officer of India's Satyam Computer Services Ltd. was arrested Saturday, the third person taken into custody in a scandal that began when the company's chairman admitted inflating profits with "fictitious" assets and non-existent cash.

Source: http://edition.cnn.com/2009/BUSINESS/01/10/india.satyam/index.html?eref=edition

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