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Satyam Computers chairman admits fraud: Stocks fall

Satyam Computers chairman admits fraud: Stocks fall

By: Peter Chubb | Posted: January 7, 2009
Filed under: Computers

Chairman of Satyam Computers, Mr. Ramalinga Raju, has resigned as the Chairman after admitting “fraud” in the company. Raju admits that there had been an attempt to manipulate the accounts, which as we know failed. Mr. Ramalinga Raju also admitted…