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Satyam Computer Services Ltd

January 15, 2009 | Associated Press
Price Waterhouse, auditors of the troubled Indian outsourcing giant Satyam Computer Services Ltd., said Wednesday that its audit reports for the last eight years relied on potentially false data provided by the company and should be disregarded.
January 8, 2009 | Washington Post
One of India's largest technology outsourcing companies, Satyam Computer Services Ltd., on Wednesday admitted cooking its books and committing other financial wrongdoing to inflate profit over several years. The revelation shook India's stock market and sent shock waves across the country's booming software industry. Television commentators quickly dubbed Satyam "India's Enron."
August 12, 2006 | Evelyn Iritani, Times Staff Writer
For many foreign officials and executives, the road to Mumbai, India, takes an important detour through Seshan Rammohan's office in California's Silicon Valley. Rammohan is executive director of Indus Entrepreneurs, a group launched by some Indian American businessmen in 1992. The Santa Clara-based organization now has 10,000 members in nine countries.
January 10, 2009 | Mark Magnier
It's a classic rags to riches to rags story. The son of farmers leaves his village behind, moves up from textile mills to real estate to IT outsourcing for multinational firms. He emerges as one of India's wealthiest and most famous entrepreneurs -- until he reveals that his empire was floating on an accounting lie and it all comes crashing down. The U.S. has its Wall Street meltdown and the Bernard Madoff investment scandal.
May 30, 2004 | Warren Vieth, Times Staff Writer
The global economy finally caught up with Cliff Cotterill. On Friday, the software engineer drove his pickup truck to Building 54 at Agilent Technologies Inc. in Santa Clara. He made his way through the warren of partitions to his cubicle. Then he turned in his laptop computer and employee badge and said goodbye to 25 years of his life. There were no parting ceremonies, no official farewells. His department had held a big lunch in August, when he and others were scheduled for termination.
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