Satyam Scandal lokesh royal

In 2001, world com , one of the world's largest telecommunication companies and a core dividend-paying stock that many retirees held in their portfolios, attempted to falsely inflate the earnings on its profit and loss statement by nearly $4 billion.

The Satyam Computer Services scandal was a corporate scandal affecting India-based company Satyam Computer Services in 2009, in which chairman Byrraju Ramalinga Raju confessed that the company's accounts had been falsified