Sunday, February 1, 2009

1's greedy : 43622's suffer

Note: All the information in this blog is based on some secondary news articles and primary inputs.



By this time, everyone might have heard about Satyam scandal. I don't want to highlight the same things again. I am here again to give some inputs on some facts, that are not known to the public.

The scandal has put a big question mark to all the IT corporates, Indian IT industry, State Government.

This is a fact that every other company involves in some sort of transactions(similar to Satyam scandal), but not to such a huge amount.

This scandal has put a big question mark on all the major IT companies of India. Even Wipro,Megasoft is banned by World Bank from all its contracts. There are many other roles involved in this scandal.

1. AP Government ( Congress (Present) & Telugu Desam Party (Former))

2. PWC partners

3. Many of the Raju's family members

All these discussions and transaction happen in seperate flat in Hyderabad, which is owned by R.R.


Raju's greedy is making 43,622 employees of Satyam suffer in this recession period.
The guy who use to spend 10000 rs for just his daily food is counting nuts behind bars.This has happened mainly due to the Raju's sons (Owner of Maytas).

I really appreciate Satyam employees and their unity for the progress of the company at this stage. The people, once who were reluctant and were ashamed to say that they belong to Satyam are now shouting, that they are Satyamites.

When one man can start up a company and bring to such a level, then i don't think it is difficult for 43,622 hands to re-build the demolished.

The 7 new board members are working and struggling hard to retain the company image and brand. Atleast now, the public realises that it is only just one man's mistake and not the company. Finally the Tughluq term came to an end, and is open to the best rulers of the Indian economy.

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