Satyam fraud

http://www.instablogs.com/ http://adi87.instablogs.com/ Satyam fraud One feels terribly ashamed of Mr. Ramalinga Raju, for the amount of damage he has done to the Indian IT industry is simply un-imaginable. Astonishingly the news broke out this morning but Mr. Raju and his CFO’s are not behind the bars. In fact, the company which audited their accounts all these years plus the chartered accountants should be banned from their profession. My heart goes out to the employees of the company but didn’t they act stupid by believing in sales which they knew never existed. Anyways the cat is out of the basket and those who have invested their hard earned money in big names with huge assets and apparent profits should begin exercising caution.