Monday, July 20, 2009

Satyam Fraud

A report by the Comptroller and Auditor General of India indicates that the Satyam fraud could have been uncovered in 2007 (source). However, a government agency appears to have looked the other way, allowing the fraud to continue undiscovered until January 2009. Many of the fraudsters who have been exposed over the past year or so seem to have had an uncanny ability to get government agencies to look the other way.

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