Market Currents

• Tuesday, January 20, 2009

• 07:05 AM Satyam used forged documents to confirm fake account balances at HSBC (HBC), Citigroup (C), HDFC Bank (HDB) and ICICI Bank (IBN). Satyam also reported a staff headcount 15-20% higher than it actually was to siphon off money .  Comment!