Corporate Fraud Case Study

10440 Words42 Pages
CORPORATE FRAUD- VIGIL MECHANISM AND SFIO Dissertation submitted in partial fulfilment of the requirements for the Degree of Masters of Laws in the NLUO, Cuttack. Submitted By: Baby Khan 2014/LL.M./06 Under the Guidance of: Ms.Suman Dash Bhattamishra National Law University Odisha, Cuttack NATIONAL LAW UNIVERSITY, ODISHA CUTTACK, KATAJODI CAMPUS, CDA, SECTOR- 13 NEAR- NARAJ CUTTACK DECLARATION I, BABY KHAN declare that this thesis entitled “CORPORATE FRAUD – VIGIL MECHANISM AND SFIO” is not more than 2500 words in length including quotes and exclusive of tables, figures, appendices, bibliography, references and footnotes. This thesis contains no material that has been submitted previously, in whole or in part, for the award…show more content…
But the growth demonstrated when in 2001, its shares were listed on the New York Stock Exchange. In India corporate fraud is known as Indian Enron’s fraud committed by promoters of the company which shocked India’s corporate world. Promoters got involved in the manipulations of accounts and inflated revenues in the Satyam Scam which is biggest financial fraud in India admitted by the founder and chairman of the Satyam computer service Limited. Satyam Computer Services Ltd after its founder and chairman admitted for committing the country’s biggest financial fraud. Satyam Computer Services was incorporated as a Private Limited Company, 1987 which provided software development and consultancy services to large corporations. The company was promoted by the Chairman and CEO namely B. Ramalinga Raju and B. Rama Raju, 1991 where the company was converted into Public Limited Company. If the Chronicle fall of Satyam could be seen it would be clear how the company has fallen in the following below In the year 2008 Satyam’s has decided to acquire Maytras Infra and Maytas Properties for $ 1.6 billion and bid aborted later as investors raise

More about Corporate Fraud Case Study

Open Document