Satyam Computer Services was an Indian IT company that underwent a major accounting scandal in 2009. The company chairman, B. Ramalinga Raju, confessed to inflating cash balances, revenues, and profits by over $1 billion USD. He resigned along with other family members who were involved. An investigation found that the auditors, PricewaterhouseCoopers, had also failed to detect the fraud. While the company struggled in the aftermath, it was acquired by Tech Mahindra in 2009 and rebranded as Mahindra Satyam, which has since recovered financially. The criminal trial of those involved is still ongoing.