Satyam 13000 salary accounts says prosecutor

Wow. If this allegation is true, it’s not just the CFO, ex-CEO and MD who would be brought to the task but also the HR top managers. How could anyone have inflated employee figures by 13,000 without the HR people’s connivance?

Satyam actually employs 40,000 people, and not 53,000, said the prosecutor.

While ten thousand employees were non-existent, 3,000 belonged to attrition category. Assistant prosecutor K. Ajay Kumar also said as many as 400 fake transactions had been uncovered in the investigation so far.

The public prosecutor said that crores of rupees were possibly siphoned off at regular intervals and diverted it to benami accounts.

The prosecutor also said that accounts were fudged, bank statements were forged and shares were transferred.

via Satyam faked 13000 salary accounts prosecutor – CIOL News Reports.


About Gautam

Gautam is a HR professional interested in how emerging technologies are impacting work, careers and organizations.

Posted on January 22, 2009, in india. Bookmark the permalink. Comments Off on Satyam 13000 salary accounts says prosecutor.

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