1. Satyam (2009)
The Satyam scandal is the most recent major one on our list. Satyam Computer Services, founded in 1987 by Ramalinga Raju in Hyderabad, India was an information technology services and back-office accounting firm. In just 22 years, this company magically boosted revenue by 20 percent, which was $1.5 billion by falsifying revenues, margins and cash balances to the tune of 50 billion rupees. Though Raju and his brother were charged for the incident, they were later released after the CBI failed to file the charges on time.
