Raju ban gaya ….
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Raju ban gaya ….
It gives me no joy to make fun of some one facing adversity.
It is ironical indeed that the promoter of a company whose name truth has admitted of having committed massive fraud the result oriented culture has rejected the Gandhian philosophy ENDS ARE EQUALLY IMPORTANTthe attitude CHALTA HAI, any thing goes , has made people brazen once a person has committed adultery once the bohemian life style of bed hopping comes naturally what surprises is that a fraud of such magnitudes involving many persons at various levels remained hidden for so long.
Further it is also a question mark on the standards of audit! I am sure that another Arthur Anderson may happen. Having made fun of sub prime crisis India Inc has been presented with a equally audacious corporate scandal I wonder if there are skeletons in every cupboard having a mahogany exterior.
What if tomorrow Infosys or liver is accused of some thing similar ?
The need of the hour is that instead of lingering litigation of Harshad Mehta variety the scam is investigated promptly & in an objective & transparent manner the guilty (ies) not scapegoats are identified & are handed with deterrent punishment & assets are unlocked & put to productive uses.
I am sure the image of IT sector of India or India Inc per se has taken a severe beating & lots of efforts will be required to repair the gaping hole in our credibility
I wonder what happened to the quality control policy & peer review mechanism of audit profession
I am sure a case of rotation of audit firms or a system of joint auditors will to some extant work as a check
Also we need to have a real internal audit & an effective audit committee so that the criminal minds do not find it easy to have a band of followers to share the crumbs
I am sure the soul of Gandhiji will have many a sleep less nights
Hey Raam
Satyam is neither shiv nor sundar