More From Satyam Scandal

Posted this morning: Scandal Breaks Out At Satyam!

On YahooFinance. Satyam Chairman: We're Just a Gigantic Fraud, Too

The following passage...

• Raju also said Satyam's balance sheet as of Sept. 30 had a non-existent cash balance of 50.4 billion rupees; nonexistent accrued interest of 3.76 billion rupees; an understated liability of 12.3 billion rupees; and an overstated debtor position of 4.9 billion rupees compared with 26.51 billion rupees reflected in its books.
  
  "This has resulted in artificial cash and bank balances going up by 5.88 billion rupees in the second quarter alone," said the executive.

Hmmm...

1. had a non-existent cash balance of 50.4 billion rupees;

2. nonexistent accrued interest of 3.76 billion rupees;

3. an understated liability of 12.3 billion rupees;

4. and an overstated debtor position of 4.9 billion rupees compared with 26.51 billion rupees reflected in its books.