'Asatya' Satyam
Hadn’t thought that I will have to start this year on a negative note. Infact first few days have been good and bullish of sort. There was an air of optimism all around. But today has been an unprecedented day in Indian Corporate History. Don’t know how many times have I used the word’unprecedented’ in recent times. Its becoming so common with defining events occurring frequently that it may lose its significance. Satyam Computer Services Ltd., a blue chip, belonging to the league of top 4 ITES houses (others being TCS, Wipro and Infosys) and darling of investors, admitted to fraud of shocking proportions, around INR 7000 Cr. (roughly $1.5 BN @ $:INR- 48). Coming from B Ramalinga Raju, who enjoyed very high credibility in India and overseas, and considered the new gen leader of emerging India, has made it even more appalling and disgraceful. I have met him once and he comes across such a humble and honest character, almost Gandhian in life and simplicity. Its understandable if this was...