Satyam scam has made a huge loss to most of the government investors. The major loser is LIC as for as government concern is concerned. They have lost Rs.950 crore because of the satyam fraud. The Life Insurance Corporation (LIC) is the single largest institutional investor to lose heavily in the Satyam Computers fraud. There are also various other banks who are involved in huge loss and some of them are Allahabad Bank, Union Bank of India, Punjab national bank, Corporation Bank and Oriental Bank of commerce. These banks have lost Rs.10 crore.
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