Directions: Read the following passage and answer the questions given below:
This was one of the biggest corporate scams in the country. Sundaram Computer Services was a computer outsourcing company whose founders and directors falsified data, inflated stock prices and stole huge amounts from the company. It was a case of corporate governance and fraudulent auditing practices allegedly in connivance with auditors and chartered accountants. The company misrepresented its accounts both to its board, stock exchanges, regulators, investors and all other stakeholders. It was a fraud, which misled the market and other stakeholders by lying about the company’s financial health. Even basic facts such as revenues, operating profits, interest liabilities and cash balances were grossly inflated to show the company was in good health. Later in 2009, the company founder, Shyam confessed to the crime. In 2015, the accused were sentenced to seven year imprisonment. Further huge amounts of fines were also imposed.