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  • Permalink for 'Saytam: India’s Enron' Saytam: India’s Enron
    Posted: January 7th, 2009, 11:32pm EST by kenyanentrepreneur
    TagsIndia  
    There’s a very interesting story on the worlds third largest outsourcing company collapsing because one of it’s founders has admitted to cooking the books for years.  According to the article: “50.4 billion rupees, or $1.04 billion, of the 53.6 billion rupees in cash and bank loans the company listed as assets for its second quarter, [...]