SATYAM: Nothing 'Satya' about it!!!!

I was least expecting that sort of news when, today, I went to www.timesofindia.com for my daily dose of news, just after logging in the system.

It has been my routine for last two years and hope so for many of you. The first thing I do daily once I login in is to visit news sites like www.timesofindia.com and www.ibnlive.com and then open my inbox to start my professional obligations.

Today a small red rectangular window flashed “B. Ramalinga Raju resigns from Satyam Computers Board, admits fraud”. I could not resist the temptation to know the full story and clicked on the URL that promised to feed me with more details.
Hmmmm…..One article…..related articles….another news sites….some more articles…I kept flowing in the sea of information, so called truths, letters and stories about misconducts of a Chairman. Finally…I was done….sat in silence….felt shocked, dejected and cheated.

My heart goes to all those stakeholders who lost their money, employees who may be left with no job in this volatile market and international client who lost their trust. This was the last thing we were asking this year.
I don’t want to write today……….will analyse it later in full detail. For now below are some links for you to get more details:

Times of India:

http://timesofindia.indiatimes.com/Satyam_chairman_Ramalinga_Raju_resigns/articleshow/3946088.cms

http://timesofindia.indiatimes.com/Business/India_Business/No_loss_of_faith_in_Indian_IT_due_diligence_to_go_up_Infosys/articleshow/3946729.cms

http://timesofindia.indiatimes.com/Business/India_Business/Unedited_open_letter_from_Satyam_interim_CEO_Ram_Mynampati/articleshow/3947139.cms

http://timesofindia.indiatimes.com/Business/India_Business/Satyam_a_failure_of_governance_Narayanamurthy/articleshow/3947534.cms

IBNLive:
http://ibnlive.in.com/news/company-didnt-know-of-rajus-fraud-ceo/82258-7.html
http://features.ibnlive.in.com/special/web2/satyam-fiasco.html

TheHindu:
http://www.hindu.com/2009/01/08/stories/2009010860840100.htm
http://www.hindu.com/2009/01/08/stories/2009010859941500.htm