News sent stocks of Hyderabad-based Satyam Computer Services plunging . Stocks fell following the botched deal . Satyam employs 53,000 people and operates in 65 countries . Chairman B. Ramalinga Raju said balance-sheet padding began years ago . The company has been accused by the Securities Exchange Board of India (SEBI) of using a complex accounting scheme to inflate its earnings for several years.
News sent stocks of Hyderabad-based Satyam Computer Services plunging . Satyam employs 53,000 people and operates in 65 countries . Chairman B. Ramalinga Raju said balance-sheet padding began years ago . The company has been accused by the Securities Exchange Board of India (SEBI) of using a complex accounting scheme to inflate its earnings for several years.