SATYAM is in a hanging situation by now; they have been in major blow up in recent times, but some how they managed the investors as well as the Bankers. But yesterday the chairman of SATYAM Ramalinga Raju admits fraud; and the amount is 7,000 crores. SEBI submitted a report, and they appealed for the government to take it as a serious issue. Hyderabad government ordered to investigate this case. This case will be filed both civil as well as criminal, will leads to prison for Ramalinga Raju the CEO of SATYAM for 10 years . Another issue that, SATYAM has shown a fake credit to the Banks in September 2008, the amount is 5000 crores. Artificial amount of 580 crores were found in SATYAM note books. As a result of this, SATYAM stocks completely down yesterday never happened in a history, they lost about 80%of their stocks. Employees fear for job cuts. SATYAM board meeting will be held soon. SATYAM will be been removed from NIFTY after JANUARY 12. Ram Mynampati will be the acting CEO right now in this situation.