Indian software company Saytam chairman resigns
One of India's top software company Satyam is in the spot light now. Its chairman has resigned. It seems that he has cooked up the companies balance sheet by inflated non-existent cash and bank balance of Rs.5040 crore, non-existent accrued interest of Rs.376 crores and understated liability and over stated debtors. Company shares rates fell from Rs.150 ot Rs.40. …