- Satyam Computer Services Ltd was founded in 1987 in Hyderabad, India and became one of the largest IT companies in India. - In 2008, the company founder Ramalinga Raju confessed to massive accounting fraud, overstating revenues and profits by $1 billion. - Raju had been using fake bank balances, non-existent cash and bank deposits to inflate the company's financial position. - After the fraud was revealed, Satyam's share price collapsed and the company had to be taken over by Tech Mahindra to save it from bankruptcy. Raju and several others were arrested and sentenced to prison for fraud.