Bangalore: If own shares of the world’s major companies, then be sure that they are not one who are misusing the investor's money. Shockingly some companies do it And to cover the fraud, they present some misleading facts in their accounts book.  The “Accounting scandals”  which the companies get involve in, is falsely increasing income, decreasing expenses, showing higher value of assets and lower value of company’s liabilities. Here are the best known scandals which have rocked the accounting world, as reported by Hubpages.com.

#1 Satyam Computer Services

Satyam Computer Services is an Information Technology (IT) service company, based in Hyderabad, India. In 1987 the Company was incorporated by Ramalinga Raju. It is spread across 67 nations with 53,000 employees. It got into the most recent scandal i.e. on 7th January, 2009 and its accounting fraud involved overstating of cash and bank balances by more than $1.5 billion and debtors’ position by $100 million. The company liabilities were under reported by $250 millions.