Satyam Computers, a global IT company, was defamed in a notorious list of companies involved in fraudulent financial activities. The list includes names such as Enron, WorldCom, Parmalat, Ahold, Allied Irish, Bearings and Kidder Peabody. Satyam's CEO, Ramalinga Raju, accepted his role in a broad accounting impropriety that had overstated the company's net revenue and profit. The company had earlier reported a cash reserve of approximately $1.04 billion tha actually existed only in books but not in reality. In his letter to his board, exposin the fraud, Satyam's Raju showed the propensity of the fraud. He stated that, "Wha started as a marginal gap between actual operating profits and ones reflected in th books of accounts continued to grow over the years. It has attained unmanageab proportions...." Later, he described the process as "like riding a tiger, not knowi how to get off without being eaten