Report: Fraud and deception at Satyam was deep
The fraud and deception at Satyam Computer Services in India was so in-depth that it included dual accounting books, thousands of forged invoices, thousands of unnecessary employees and dozens of fake bank statements, according to court records analyzed by the New York Times.Through the deception, managers, auditors and an adviser were able to create a perception that the company was "carrying out huge volumes of business" so it attract potential customers and investors, according to the NYT.