It is a sad story. That such a prominent IT company has been hit with fraud case. My mind is with Satyam employees and I wonder what passes through their mind !
My thoughts go on the opposite side of the events. I only admonish Raju for his overdoing the accepted norms of the system. His percentage increase was a bit too much (1433 %) to consume that’s all. I do not support his wrong doings. The law should take its on course and he should be punished. But… I do not believe in making him an embodiment of all the sins.
We who cry foul - all are hypocrites. Every company in the corporate world jacks up their figures in the balance sheet. If Price Water House can be ‘duped’ (? Or connived?) What about the hundred thousands other spurious auditors?. If you look at the balance sheets of many famous Indian companies you will definitely raise your eyebrows. If I have seen it with my very limited knowledge – it is unlikely that SEBI has not seen it. The thing is that Percentage is less. So SEBI, IT dept and all other honchos overlook it.
I am sure if somebody says ‘throw stones if you have not sinned' no stone will ever hit Raju.
What about our very federal government? How did it win the vote of confidence?
How many Crores ? Have you forgotten Harshad Mehta? Telgi case? Bofors ? how many thousand crores?
We all report wrong figures..to cheat the government. That is the norm in this country.
The very people police / CBI who want to catch him – how do they fill their LTC bills? Rent receipts ? How do YOU fill your Rent receipt ?
When I was in Trivandrum I must have jacked it up 185% and produced a Rent Receipt. Every body in the IT industry or for that matter any Industry or government dept. jack it up by at least 200 – 300 % . All fill the LTA form with fictious figures –wrongly acquired bills to support. Produce spurious Medicine bills. I hold government responsible for it. People will voluntarily pay the tax - if it is affordable - that they can pay. If it is exorbitant they will try all false methods to circumvent. This happens in every country.
When you know that the whole system is standing on untruth how can we get shocked?
So this episode raises a very fundamental question that when are we going to honestly start saying SATYAM? : )
A change should start from Micro –level. From our day to day life. This is a good opportunity. Come join that micro-revolution. – SATYA MEVA JAPATE , SATYA MEVA JAYATE!
We who cry foul - all are hypocrites. Every company in the corporate world jacks up their figures in the balance sheet. If Price Water House can be ‘duped’ (? Or connived?) What about the hundred thousands other spurious auditors?. If you look at the balance sheets of many famous Indian companies you will definitely raise your eyebrows. If I have seen it with my very limited knowledge – it is unlikely that SEBI has not seen it. The thing is that Percentage is less. So SEBI, IT dept and all other honchos overlook it.
I am sure if somebody says ‘throw stones if you have not sinned' no stone will ever hit Raju.
What about our very federal government? How did it win the vote of confidence?
How many Crores ? Have you forgotten Harshad Mehta? Telgi case? Bofors ? how many thousand crores?
We all report wrong figures..to cheat the government. That is the norm in this country.
The very people police / CBI who want to catch him – how do they fill their LTC bills? Rent receipts ? How do YOU fill your Rent receipt ?
When I was in Trivandrum I must have jacked it up 185% and produced a Rent Receipt. Every body in the IT industry or for that matter any Industry or government dept. jack it up by at least 200 – 300 % . All fill the LTA form with fictious figures –wrongly acquired bills to support. Produce spurious Medicine bills. I hold government responsible for it. People will voluntarily pay the tax - if it is affordable - that they can pay. If it is exorbitant they will try all false methods to circumvent. This happens in every country.
When you know that the whole system is standing on untruth how can we get shocked?
So this episode raises a very fundamental question that when are we going to honestly start saying SATYAM? : )
A change should start from Micro –level. From our day to day life. This is a good opportunity. Come join that micro-revolution. – SATYA MEVA JAPATE , SATYA MEVA JAYATE!
