The Satyam Scam was a major corporate fraud that came to light in India in 2009. It involved the IT services company Satyam Computer Services, founded by Ramalinga Raju. Raju admitted to inflating the company's revenue and profits by over $1 billion, misleading investors and stakeholders about the company's financial health. The scandal led to a significant loss of investor confidence and resulted in legal actions against Raju and other executives. The Indian government intervened, and the company was eventually sold to Tech Mahindra. The Satyam Scam highlighted the need for stronger corporate governance and regulatory oversight in India.