The Satyam Scandal was a major corporate fraud that came to light in India in 2009. It involved Satyam Computer Services, a leading IT company, where the founder, Ramalinga Raju, admitted to inflating the company's profits by over $1 billion. This revelation shocked investors and led to a significant loss of trust in corporate governance in India. Following the scandal, the Indian government intervened, and the company was eventually sold to Tech Mahindra. The incident prompted reforms in corporate regulations and auditing practices in India, aiming to enhance transparency and accountability in the business sector.