Satyam Fraud A Pr Disaster For India

摘要

The Indian offshore industry faces a new challenge to its pre-eminent position as the IT outsourcing destination following the $lbn fraud at computer services company Satyam.The supplier is fighting to restore confidence among users following its chairman's confession that he falsely inflated the firm's revenues. The fall out from the fraud could damage confidence in the Indian outsourcing market as a whole, industry observers fear.The demise of Satyam is a possibility. According to its interim CEO, Ram Mynampati, the firm needs cash to pay the bills. "We need some assistance as tar as liquidity is concerned to pay [suppliers]." Financial stability is an important considera-tion when choosing an outsourcing partner to control often mission- critical IT. Satyam has more than 600 customers in 66 countries.