
While the global financial crisis hit in 2008, India was experiencing not just an economic problem but also a social dilemma. Assume a fictional example in the share market in which a company's core funds are distorted. Satyam Computers Scam found this to be true. The owners of Satyam have proven to be responsible for the Company's blurring out of 7000 crores. They deceived the nation, the markets, and clients by fabricating accounting records.
The Satyam scam case study highlights several flaws in the Indian regulatory process. Thus in 2009, the Satyam computers scam was finally exposed. Analysts have dubbed the Satyam scam a new kind of Indian Enron. The following is an overview of how the Satyam scam happened that rocked the country during an economic downturn and its consequences. It also explains who committed this theft and how the crime was handled.