Satyam Scam & Corporate Governance

The document summarizes the Satyam scam case involving corporate governance failures at Satyam Computer Services. Ramalinga Raju, the chairman of Satyam, allegedly siphoned off funds from Satyam into other companies he owned and inflated revenue and profits. This led to a loss of confidence in Satyam and impacted its employees, clients, and business partners. The case showed the importance of strong corporate governance and auditing to prevent such scams. Tech Mahindra later acquired Satyam to turn it around.