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Violation Tracker Individual Record

Company: Satyam Computer Services Limited
Current Parent Company: Tech Mahindra
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $10,000,000
Year: 2011
Date: April 5, 2011
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: India-based Satyam Computer Services Limited agreed to pay $10 million to settle SEC allegations of fraudulently overstating its revenue, income and cash balances by more than $1 billion over five years.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: India
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: miscellaneous services
Specific Industry of Current Parent: outsourced services
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.