So far so bad, and more bads are expected, do you agree with me? These wrong doing of Ramlinga Raju along with his coterie should be treated as a heinous crime tham a corporate scam. He is a big black patch on the face of corporate world.
Other people, who actively supported him in his wrong doing, lost their conscience altogether in front on money. How greedy a man can become to committ any transgression without ever looking all around him? A petty thief, when steals something to estinguish his hunger, he becomes an object of hatred in the society. If that is the reality, then what will Raju become after this enormous scale fraud???
The latest dig-up of fictitious employees in Satyam, is somehting unbelievable. 13 thousand employees' name in the payroll of Satyam simply existed for the whims of Ramalinga. What a shame!!! How he is going to face this in front of his family? Will family members start hating him? If not, we will presume that they support his acts of misdemeanor.
Public Prosecutor Mr. Ajay Kumar disclosed some figures in the court. 13 thousand employees' name are fictitious, and an amount of 20 crore towards their salary went to Ramalinga's possession every year. My calculation says something else in this respect. Even by a conservative estimate, a Satyam employee must've been compensated at least Rs. 20,000 per month inclusive of other benefits like bonus, incentive, leave, etc. At this rate 13000 employees' cost to the company is 13,000 X 20,000 = 26,0000000, i.e. 26 crore per month, 312 crore per year. Who knows, how many years he is practising this trend!
There are systems of government checking on various part of crporate world (Listed Companies) through various organisations like Reserve Bank of India, Income Tax, Providend Fund etc. etc, yet none came forward pointing any finger towards Satyam ever, why? Can we conclude from this that some employees in different levels of these government organisations too are involved along with Raju in the scam?
Common , poor, honest, and peace loving people of this country have been deprived again and again by the wealthy, powerful, dishonest, and money loving few for their seof interest. This is not the first instance of big scam in this country. Every time it happens, eyes open, investigation goes on, and at the end the culprits get released with a show-off punishment.
Ramalinga's lawyer recently announced that a team of 20 lawyers will fight his case. What they will fight? The scam came in the fore not because of efficient government's handling of corporate world, but because of his confession through a letter faxed to SEBI. Many political parties violently protested, when the arrested terrorist Azmal Kasav's indian lawyer was announced. Where is the protest in this case? Here money will play its role of discremination, favouritism, partiality, and above all corruption to save the culprits. Even though the lawyers defending the culprits, are demanding for his release on bail, some cases should be filed immediately, and a fast court come to a judgment quickly to stop his release altogether.
He deserves to be behind the bars.