Monday 12 January 2009

The biggest corporate fraud ever pulled

There have been scandals of huge proportions in the past. But this is the biggest fraud ever pulled on people in the history of Free India. It is such a huge fraud that people all over the country were taken aback to absorb the intensity of it.
Byrraju Ramalinga Raju, founder and chairman of Satyam Computers Services Ltd, who has been looked at with awe for building such a vast empire of computer services, has suddenly found himself behind bars before he realised whatever happened.
But it is hard to believe that it all happened without a preplanned conspiracy and without the knowledge of a group of persons at the helm of affairs. And how could it bypass the scuritnising eyes of the world famous auditors. Anyway, the billion dollar question is whether Ramalinga Raju manages to get away without minor reprimand or none at all. Anything is possible in India.
Another thing that would never be reported is the details of political patronage behind the scandal.
It seems the Indian Press is trying to evoke some sympathy among people for Ramalinga Raju by reporting how he is spending time in the jail. But the moot point whether he deserves that sympathy.
Many things have to come out of the cupboard and it is a suspenseful drama till the end.

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