Login

Post on Medial

Jaswanth Jegan

Stealth • 5m

“Pump and Dump stock Price Scheme ” Big Fat Corporate Scandal #4 Satyam Computers Scam Satyam Computers was founded by Ramalinga Raju as software development and IT consulting company in 1987.The company was listed on both the Indian stock exchanges and the New York Stock Exchange. The company’s revenues were overstated by fake invoices, profits were inflated by manipulating expenses,Cash balances and bank deposits were fabricated, creating a false impression of liquidity and financial health,liabilities were understated, and loans were taken without proper disclosure. The motive of this scam is to maintaining the company’s stock price.In 2009 Raju admitted inflating the company’s financial statements of approximately ₹7,000 crore he claimed that the fraud was out of control and was unable to cover it up any longer.Raju was sentenced to seven years in prison for commiting fraud. In 2013 Tech mahinda acquired Satyam Computers.

19 replies21 likes
2
Replies (19)

More like this

Recommendations from Medial

Image Description
Image Description

Nawal

 • 

SELF • 6m

‼️ A $486-Billion Global Scam ? In 2023, financial fraud reached $485.6 billion, nearly matching Singapore’s GDP. Payments fraud, driven by tactics like banking trojans, makes up 80% of these losses. Credit card fraud adds another $28.6 billion.

See More
9 replies18 likes
4
Image Description
Image Description

Mahendra Lochhab

Stealth • 3m

The Bombay Stock Exchange (BSE), India's first stock exchange, was established in 1875, making the Indian stock market one of the oldest in Asia.

4 replies9 likes
Image Description

Payal Manghnani

Stealth • 2m

The BharatPe fraud case takes a new turn as EOW arrests Amit Kumar Bansal, a vendor involved in the alleged ₹82 crore scam. How deep does this financial scandal go?

3 replies22 likes
1
Image Description
Image Description

Jaswanth Jegan

Stealth • 5m

“Modi’s 2 Billion Dollar Scam” Big Fat Corporate Scandal #3 Nirav Modi’s PNB loan Scam Nirav modi is a prominent jeweler with global presence.Punjab National Bank officials at a Mumbai branch colluded with Nirav Modi and his uncle Mehul Choksi to i

See More
8 replies10 likes
Image Description

Mahendra Lochhab

Stealth • 1m

As of June 2024, the number of Demat accounts in India's stock market was 16.2 crore. This is a significant increase from March 2020, when there were only 36 million Demat accounts.

1 replies7 likes
Image Description
Image Description

Jaswanth Jegan

Stealth • 5m

How to Make Billion Dollar by scamming people ? Big Fat Corporate Scandal #2 The Harshad Mehta Scam Harshad is a Indian Stock Broker involved exploiting the banking system to manipulate the stock market.Mehta found a loop hole in the banking system

See More
5 replies7 likes
Image Description
Image Description

Apple

 • 

Google • 5m

How Did ( STOCK MARKET START ) ! Ever wondered how the stock market began and why it's so important today? The stock market began in medieval Europe when merchants teamed up for big trading trips, sharing risks and profits. The major shift came in

See More
7 replies23 likes
5
Image Description
Image Description

Himesh Jain

Stealth • 5m

SCAM ALERT !!!! Hey so yesterday I got to witness a new cyber fraud and it was kinda funny though 😂 So my mom got a call and they asked her about me that where I am and what I do, luckily I was at home so my mom said the same. After that they rep

See More
5 replies5 likes
Image Description
Image Description

Mayank Kumar

Stealth • 5m

Nvidia has seen incredible growth in recent years. Since the beginning of 2024, the company’s stock has jumped 167%. Over the past five years, it has surged by an impressive 3,450%. The stock jump is so much that many employees are now choosing reti

See More
5 replies16 likes
1
Image Description
Image Description

Ashutosh Mishra

Stealth • 7m

MKBHD new video over Humane AI pin where he termed the product as ‘The Worst Product I’ve Reviewed… For Now‘ has sparked a controversy whether such criticism was required. Earlier, Fisker a car company was also reviewed by him where he termed it as t

See More
23 replies16 likes
1

Download the medial app to read full posts, comements and news.