Satyam Computer Services, an India-based computer-services company, has been charged by the US Securities and Exchange Commission (SEC) with fraudulently inflating its revenue and assets.
The company, which serves more than a third of the Fortune 500 companies, has been accused of overstating its income, revenue and cash balances by more than $1 billion over five years. The SEC alleges the company used false invoicing and bank statements to make itself seem more profitable to investors. The $1 b
The week on Risk.net, June 16–22, 2017Receive this by email