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Satyam saga shows holes in corporate governance

Updated on Jan 14, 2009 11:05 pm IST

Raising concern over the scandal in one of India's giant outsourcing company Satyam Computer Services,analysts said that it exposed serious shortfalls in corporate India that must be addressed to ensure credibility in an increasingly globalized and competitive world. Regulators in India are investigating into how and why Raju was able to fool auditors and investors for several years.

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