DSP Merrill Lynch detachs from Satyam Computers

Satyam’s Chairman B. Ramalinga Raju finally resigns and has admitted all the frauds that he has done till now. raju has taken full responsibility of the current situation of Satyam.Satyam Computer Services Ltd has also informed BSE that the DSP Merrill Lynch terminated its engagement with the Company.

It comes an an extreme shock to the corporate Inc. which failed to recognize such deep frauds cooking up since many quarters now. The auditor’s role has come into question and deep scrutiny.

Source link