Jan. 7 (Reuters) - A vast accounting scandal at India's Satyam Computer Services may increase investor nervousness about weak corporate governance and oversight in emerging markets.

Satyam founder and chairman Ramalinga Raju admitted Wednesday to inflating Satyam's reported cash and bank balances by over 50 billion rupees ($1 billion), but little is known about how widespread the problem is and things could get worse if other frauds are uncovered.

http://www.forbes.com/reuters/feeds/reuters/2009/01/07/2009-01-08T003549Z_01_N07375608_RTRIDST_0_SATYAM-ADR-INVESTORS-ANALYSIS.html