Fraud scandal - computer boss quits
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The head of the Indian outsourcing firm Satyam Computer Services has resigned after admitting profits had been falsely inflated for years. Shares in Satyam tumbled nearly 80 percent after the revelations. It's India's biggest corporate scandal in memory and it threatens future foreign investment flows into Asia's third-largest economy and casts a cloud over growth in its once-booming outsourcing sector. The news sent Indian equity markets into a tailspin, with Bombay's main stock index tumbling 7.3 percent. Sonia Legg reports.

Tags: Satyam Computer Services, shares
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