The Indian Enron Satyam

The University of Hong Kong
Faculty of Business and Economics

BUSI 3011A
Corporate Governance & sociable Responsibility

The Indian Enron: Corporate Governance misadventure at Satyam

Chan reasonable See Wa 2008404214
Chan Yun Man, Winston 2008053003
Shi Xinyu, Shyvee 2008502573
Yin Yuxi, Philip 2008801905

The Indian Enron: Corporate Governance Failure at Satyam
Introduction
Known as the Indian Enron, Satyam, the fourth-largest computer function company in India, had been feeding its stakeholders a continual aliment of frauds. The Satyam scandal marks as one of the biggest governance failures in Indias corporate history. This try out provides an analysis of this Indias Enron. The essay starts introducing how the fraud first appeared. It explains what went wrong by examining three levels of analysis, i.e. firm, market, and institution, and baring the roles that various parties played in the fraud. It further talks intimately the scandals impact on Brand India and its aftermath. The report card ends with a discussion on the key takeaways various parties could predominate from the case.
Fraud Uncovered
As stock markets worldwide collapsed during 2008, the Indian rakehell Exchange, the Sensex, did not escape from this fate.



It fell from a high of 21,000 to infra 8,000 in ten months, between January and October, 2008. Warren Buffet was beneficial in saying that it is only when the tide goes out that you experience who has been swimming naked. The drop of the real estate prices turned Rajus realty dream sour. On December 16 2008, Raju claimed to procure the Maytas Infrastructure and Maytas Properties, two companies held by Rajus family and unrelated to the IT field, for $1.6 billion. The fight was unanimously approved by the Board of Directors at Satyam. Raju insisted that the acquisition would pave the way for accelerated growth and provide Satyam with greater diversification. However, the market was outraged by the transactions.
The vary fact that Rajus family held a...If you want to get a full essay, order it on our website: Ordercustompaper.com



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