A Satyam insider blew the lid off the $1bn accounting fraud at
Satyam which led its then chairman to admit to the crime in
January.
Satyam was
sold to Tech Mahindra this week after a battle to continue as a
business after the fraud was announced. A government appointed
board took over at Satyam
According to The Economic Times India a 14,000-page report by
the Serious Fraud Investigation Office reveals that a former
executive using a pseudonym sent an e-mail to a Satyam board member
which quickly led to B Ramalinga Raju confessing.
Raju
wrote a letter to the Satyam board in January admitting to
falsifying the company's accounts for several years.
The sale to Tech Mahindra ended weeks of speculation but there
will be continuing uncertainty for the buyer because the extent of
the fraud is not yet clear and there are a number of legal
challenges against Satyam.