Wednesday, January 07, 2009

Raju is no gentleman

Satyam's Chairman Ramalinga Raju has put India to shame by admitting to what may well be the largest corporate scandal to hit Dalal street so far. Takes the gleam off the Indian Shining phenomenon, doesn't it? The regulators better come down hard on the promoters, (the auditors and the guys who awarded Satyam for corporate governance as well!) else we might see foreign investments fleeing the country.

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