Hello Readers,
I am back again after a long break and with a shocking news though couple of days old about the biggest -ever corporate fraud in the country and the most shocking is, it was unnoticed for so many years.
This breaking news is spread like a a cloudy weather in the rainy season across the globe and has given an ugly shadow on the shining image of our Indian Industries.
This scandal is a real cheat, we all agree by measuring the effects in the country and overseas, with the effects on the public who had invested in the company’s shares. The effect on the career of so many employees working at Satyam, and the list goes on.
This is one aspect of the story….Not the full….
Lets see the other aspect from Mr. Raju’s point.I am not going to quote any lines or any statements he is giving to the media on his defence but just considering every coin has 2 sides, so this story should also be seen from other side too.
The accounting on paper was wrong,the shares value were false but money of various shareholders were never blocked and were released when the shares were sold.
The employees were paid, 1000s of our men were given bright career opportunity, 1000s of companies were getting their project delivered with quality. These benefits cannot be counted on wrong accounting. These examples are being written as people must see the positives too. I am not saying, it is not a crime to show the vague profit figures but see the reasons and judge them equally from heart and mind and then make a comment on “Satyam Downfall”.
