Satyam’s senior executives held an emergency conference on Wednesday to outline their plans following the turmoil created by the discovery of a $1bn fraud at the Indian IT service provider.
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Satyam chairman B Ramalinga Raju admitted this week that he had fiddled the company's books for several years. The revelation came in a letter to the company last week, in which Raju offered his resignation and confessed to inflating the company's financial figures.
The company has been quick to regroup and explain itself to the world.
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