RK’s Blog

SATYAM Fraud :: a Shocker

Posted on: January 7, 2009

It was really a shocker to hear the news of  Tax Fraud the Satyam chairman  and CEO, B Ramalinga Raju, admitted today.  The Impact of this is expected to very vast and may even be a retarding force in the growth of Indian IT Sector.  Considering the Financial crisis this was the worst time this Fraud could have come out.

The Government should take steps to ensure that No Fraud like this will ever take place even in Private sector. the Laws of the country needs to be tightened and executed efficiently to avoid such frauds again. Strong action should be taken against Raju so that it will be a lesson to rest of the country

As Raju himself said “It was like riding a tiger, not knowing how to get off without being eaten” Now he has got down of the tiger and is being eaten. How hard the bites can be thats the question.

Lets hope we will not have to hear such a Worse news in future.


2 Responses to "SATYAM Fraud :: a Shocker"

The political and financial developments of the last six months have been so dramatic that they must be leaving an imprint in our collective subconsciousness. Like with any significant experience, we learn lessons from it and involuntarily change our judgment when similar events in the future occur.

Satyam Scam by far Largest Corporate Scam in India Inc.

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