From the above, it is evident that majority of studies were performed in developed, Western countries. How- ever, the manager’s behavior in fraud commitment has been relatively unexplored so far. Accordingly, the ob- jective of this paper is to examine managers’ unethical behaviors in Satyam Computer Limited, which constitute an ex-post evaluation of alleged or acknowledged fraud case. Unfortunately, no study has been conducted to ex- amine behavioral aspects of manager’s in the perpetua- tion of corporate frauds in the context of a developing economy, like India. Hence, the present study seeks to fill this gap and contributes to the literature.