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Here comes the news from Chennai, Satyam has terminated over 30 project associates for alleging fake bills by them.
From the company point of view :
These employees are relocated from Hyderabad to Chennai. All these project associates are said to have made foul play in the company by submitting fake bills, when they were relocated from Hyderabad to Chennai.
From the Project Associates
1. According to associates, Satyam Company is asking to prove the validity of one and half year old bill.
2. Their Salaries are withheld by the company and their profiles are deleted from the company records.
3. Even the employees are not given a chance to resign
4. One employee said "We had used packers and movers a year and half back and how can we prove that we used their service? Satyam management is not willing to listen to us,"
5. The bills in question relate to nearly Rs 3,000 incurred by the associates after their transfer last year. The associates insist that they were entitled for this amount and even this was not reimbursed by the company.
6. They are made scapegoats with unnecessary reasons. The number of employees to be sacked will increase to 400. So other370 scapegoats be aware, you might be sacked for any reason (prepare for the worst).
Generally in such big MNCs, we see employees submitting fake bills. But I don’t think it will lead to such a disaster. To maintain good corporate governance, Satyam has completely changed the scenario.
I think there are not many days left for Satyam to be acquired.
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