If I recall the time when I completed my secondary school and had to opt for a career line, I took non-medical in awe of the boom in the IT industry at that time. And through all the subsequent years, the industry has grown and touched great heights. But with the collapse of Satyam, things don't appear the same.
Ramalinga Raju's huge scam of over 7000 crore rupees, first of its nature and extent in Indian history, has put a question mark on the credibility of Indian IT cos. Thousands of people affected, some in terms of their careers while others with their investments. Many crores of rupees going missing! Above all, a national loss of a major IT company as it sinks! Talking of Ramanlinga Raju, there are certain questions that hover in my mind. Being the founder and chairman of Satyam Computers, why would he not deal with the problems as and when they started? Why would he want the company to run in losses? Why would a man with an intellect like his choose to ride a tiger knowing he can't get off without being eaten? Did he do that with the only aim of making large amounts of fast and illegal money? Can a founder seek to destroy his own foundation? As people and web portals reveal, Raju is a man to be looked up to! He was(is) an inspiration, an idol to those who worked with him. He sure is a culprit, culprit to the law and all the people who trusted him and his company but I still feel there is another side of all of this which is yet to be explored. He is not a hero, but he is not even a deliberate criminal. I sincerely wish that things become transparent soon and Satyam, unlike Enron, regains its lost position.
I just wish Satyam and well, Raju too, all the best!
1 comment:
The Satyam scam z no doubt the worst in the Indian corporate history.
There are a lot of questions arising and need to be answered:
> Why did an intellect like Ramalinga Raju chose to ride a tiger in first place wen he knew he won't be able to escape?
> what were the auditors doing and how did the former chairman managed to fudge the accounts for years unnoticed!!
> Why waz Mr.Raju not arrested on his own statement earlier, which could have been possible under the subjection of Indian Penal Code?
Claiming Mr.Raju innocent z far from thinking but I do agree that there is another side of the scam yet to be explored.
The need of the hour z for the invstigations to get over as soon as possible so that our integrity as a responsible nation is not questioned!
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