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India has fraud, too: Indian Outsourcing Chief Admits Huge Accounting Fraud

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India has fraud, too: Indian Outsourcing Chief Admits Huge Accounting Fraud

January 7, 2009
/ India/Offshoring

Satyam Computer Services, a leading Indian outsourcing company that serves more than a third of the Fortune 500 companies, significantly inflated its earnings and assets for years, the chairman and co-founder said Wednesday, roiling Indian stock markets and throwing the industry into turmoil.

For full story as reported in the New York Times, click here.

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