Satyam is the Company that was defined as one leading company. Satyam has achieved this position on the basis of false balance sheet. Ramalinga Raju former chairmen and founder of Satyam has created the report of false profits and then the biggest story of fraud starts. Ramalinga Raju has done all this for his son’s company Mytas. The real story starts from the point from where this fraud revealed and focused by all over the world.

It has been reported that Ramalinga has done fraud of about seven carore rupee. Truly ridiculous work done by Ramalinga Raju, when we have discussed this all with the employees of Satyam they said we are now feels very shameful that we are employee of Satyam.

After this critical condition ICICI bank cut off the credit limit off Satyam employees. Narayan Murthy of Infosys remarked over it he said Satyam is not the company of any individual so it will surely recover very soon. I hope so. For further and complete investigation and the complete recover Satyam from this critical condition.

The recent query of investigation by the board is the number of clients present in Satyam it has been revealed that in 2007-08 there are 617 active clients in Satyam. Satyam is now continuing to work. Although there are many rumors related to Satyam are affecting Satyam employees that are why Satyam has started news paper called news daily for Satyam employees to upgrade them about new developments.

Via