It's a lie

Indian Software giant Satyam's Chairman B. Ramalinga Raju sent in his resignation letter culminating very troubled times at the company which were precipitated by the recent failed bid to acquire Maytas, a sister-concern (not sure why the term brother-concern is never used). His letter revealed 'facts' about falsifying the accounts over several years. It immediately reminded me of a telugu movie Nijam, with its tag line 'It's a lie'. It fits this company very well during these troubled times: Satyam - It's a lie.

However, I do feel the company has done great work, and grew phenomenally over the past decade. I feel for the Satyam employees who have to face the economic reality of this event. I hope and pray for their economic security.

It's always the greedy few, anywhere, that bring the system down. We have already seen it on the Wall Street and other world markets last year for the umpteenth time in history. The likes of Harshad Mehta, Bernard Madoff et al come to mind. I think the revelations in the letter are only a few and there are many more to follow (will they ever see the light of the day?) Why do I say that, without any basis? It's my strong feeling that a wrong, done over a period of time, is not done in isolation. A person committing it must be so corrupt in his/her thought process that it permeates to other walks of life as well. Anyway, let me not turn this into a philosophical note.

With hopes for the best and looking up to 'Satyameva Jayate' (Truth alone prevails),

Swasti !!