The SEC has been investigating the admitted financial fraud at India’s Satyam for just over a year now. It was January 7, 2009 when B. Ramalinga Raju, chairman and chief executive of Satyam, suddenly resigned after confessing to falsifying the company’s financial records in a $1 billion fraud. Raju famously stated that day that the ongoing fraud had been “like riding a tiger, not knowing when to get off without being eaten.”
