Hello Readers, You may know the famous quote given by the Sophocles, “Rather fail with honor than succeed by fraud”. Yes, today we are going to talk about the biggest Indian Accounting fraud it is Satyam scam which collapsed India’s fourth-largest IT company from the top slots. What is the Satyam scam about? The company misrepresented its accounts both to its board, stock exchanges, regulators, investors and all other stakeholders. Let's know something inside it. In 1987 Ramalinga Raju establishes Satyam Computer with his two brothers in Hyderabad. In 2001 it was one of the fastest-growing companies in India. So the share price was continuously increasing At that time, Ramalingam starts to concentrate on the real estate business for that he wanted an investment and he started to show more profit in Satyam computer than actually, it was. He created fake sales invoices and created fake bank balances as well. Now it’s the time for investors, usually, when a company makes m...