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'India's Enron' Imperils Booming Industry

$1B scandal threatens India's role as major outsourcing center for top companies

By Jim O'Neill,  Newser User

Posted Jan 8, 2009 10:26 AM CST

(Newser) – A $1 billion accounting fraud at Satyam is being described as India's Enron, and it could have a major impact on how Fortune 500 companies use Indian companies for outsourcing critical computer and IT functions, reports the Financial Times. The CEO of Satyam, India’s...   Read full story »

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