The Satyam Computer Services fraud is neither the first nor will it be the last corporate scam to have hit India, so investors must be on guard and ask for more information before making any investment decision, says former Sebi chairman M Damodaran.
Sound advice. But with corporates, brokers, banks, politicians, regulators colluding at times, many a multi-crore scam has hit India. And the saga is likely to go on.
India has seen some of the most high-profile scandals where investors have lost billions of rupees just because a few people in high places could not control their greed. Here's more about India's biggest scams...
Image: The Satyam Campus in Hyderabad. | Photograph, courtesy: Satyam
Also read: Raju's letter to the board of directors
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