IT insourcer Satyam got rid of a chunk of their workforce in a different way.
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Details of alleged Satyam fraud emerge
By Joe Leahy in Mumbai and Varun Sood in Hyderabad
Published: January 22 2009 09:25 | Last updated: January 22 2009 09:25
The former chairman of Satyam Computer Services, B Ramalinga Raju, invented more than one quarter of the Indian company’s workforce and siphoned off the salaries of these fictitious employees for his own use, the government prosecutor alleged on Thursday.
In the first public comments by investigators on the fraud at India’s fourth-largest IT outsourcing group, the public prosecutor of India’s southern Andhra Pradesh state, Gangaraj Prasad, told the Financial Times that police believed the true size of Satyam’s workforce was 40,000 – not 53,000 as the company claims.
