Satyam books inflated of Rs 5040cr: Ramalinga Raju Admits Fraud !!!!
Indias Major IT Company Satyam Computer Chairman Ramalinga Raju has resigned from the board. In his letter to the board, Ramalinga Raju admitted that the IT major’s balance sheet has bank balance and inflated cash of Rs 5,040 crore. No member of the Board had no knowledge of the actual situation of company.