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SEC Charges Satyam Computer Services With Financial Fraud

Wednesday, April 6, 2011 | More »

The United States Securities and Exchange Commission (SEC) has charged Satyam Computer Services Limited (currently Mahindra Satyam) with fraudulently overstating the company’s revenue, income and cash balances by more than $1 billion over five years. The SEC’s complaint, filed in U.S. District C...