The Indian Enron Satyam

The University of Hong Kong Faculty of Business and Economics BUSI 3011A incorporate judicature & fond Responsibility The Indian Enron: Corporate Governance misadventure at Satyam Chan bonnie See Wa 2008404214 Chan Yun Man, Winston 2008053003 Shi Xinyu, Shyvee 2008502573 Yin Yuxi, Philip 2008801905 The Indian Enron: Corporate Governance trial at Satyam Introduction Known as the Indian Enron, Satyam, the fourth-largest computer engage company in India, had been ply its stakeholders a continual nutrition of frauds. The Satyam scandal marks as one of the biggest governance failures in Indias corporate history. This endeavour fall out digests an analysis of this Indias Enron. The essay starts introducing how the fraud world-class appeared. It explains what went wrong by examining threesome levels of analysis, i.e. firm, market, and institution, and baring the roles that various parties compete in the fraud. It further dialog intimately the scandals impact on stigma India and its aftermath. The report card ends with a discussion on the primal takea counsellings various parties could predominate from the case. cheat Uncovered As stock markets ecumenical collapsed during 2008, the Indian rakehell Exchange, the Sensex, did not light from this fate.

It fell from a luxuriously of 21,000 to infra 8,000 in decennary months, between January and October, 2008. Warren baste was beneficial in saw that it is only when the tide goes out that you experience who has been swimming naked. The bewilder of the real estate prices move Rajus realty fantasy sour. On December 16 2008, Raju claimed to procure the Maytas Infrastructure and Maytas Properties, twain companies held by Rajus family and unrelated to the IT field, for $1.6 billion. The fight was unanimously O.K. by the Board of Directors at Satyam. Raju insisted that the acquisition would pave the way for accelerated growth and provide Satyam with greater diversification. However, the market was disgust by the transactions. The vary item that Rajus family held a...If you want to scramble a full essay, coiffure it on our website: Ordercustompaper.com

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