http://news.in.msn.com/busines... Satyam scam: The mega corporate fraud Satyam Computers Chief Ramalinga Raju's revelations about a Rs40 billion fraud committed by him have sent shock waves across the corporate world. India Inc's biggest fraud is bound to have a ripple effect on many sectors. The Indian IT outsourcing industry, which is thriving on the goodwill and reputation it has built over a period of time among the global clients, is expected to bear a major brunt of the Satyam episode in coming quarters. Though Satyam does not represent the whole Indian IT industry, this one individual fraudulent act  will erode Indian IT industry's international standing. Read more about the different dimensions of Satyam scam.....           Latest Headlines CID sleuths grill Ramalinga Raju, brother I-T dept to probe possible tax evasion by Satyam Sacked directors may be barred for 5 years CID sleuths grill Ramalinga Raju, brother        Raju, brother to be produced in court on Saturday Rajus questioned throughout night: Lawyer Does Satyam have cash to pay salaries? Satyam investors lose over Rs 13,000 cr in a month Satyam's new directors to have sweeping powers Ramifications of Satyam scam On employees Satyam may axe 10k employees next month Satyam staff swing between hope & hopelessness Directors, employees shocked by Raju's fraud On IT industry Satyam fiasco: IT firms to feel the ripple effect On stock market Sebi to review auditors' reports of Sensex, Nifty firms NSE removes Satyam from Nifty; replaces Rel Capital On auditors Regulator may blacklist Price Waterhouse Satyam's auditor PwC faces ICAI probe Satyam auditor mum on fudging charges Ramalinga Raju's startling revelations Raju admits India Inc's biggest fraud; quits Satyam Raju’s letter that unveiled corporate India’s biggest fraud What the Satyam fraud is all about Satyam's path to disaster The rise and fall of IT tzar Ramalinga Raju How the world reacts to Satyam scam IT Industry endsup with a black-eye: Nilekani Infosys says it will not touch `tainted' Satyam Tech Mahindra eyeing Satyam telecom biz Americans dreaded Raju more than Osama: Experts The Road ahead Regulators, govt tighten noose around Satyam Satyam fraud triggers political storm in AP Satyam's interim CEO ascertaining liquidity position Raju goes offline on World Wide Web too! US investors drag Satyam to court Govt ready to take action against Raju Having admitted fraud, Ramalinga Raju goes missing Reddy seeks PM's intervention to rescue Satyam Satyam scam referred to special fraud probe agency Satyam faces class action lawsuit in US Image gallery Panic, disbelief over Satyam scam Satyam begins damage-control Watch video Interview with Ramalinga Raju in his heydays Satyam scam shocks India Inc Speak up Can India Inc survive Satyam-like collapses? Should NMN, Premji step in to clean up Satyam? MSN viewers speak Where were auditors while Raju cooked the books!