As good a time as any?
The mithyam @ Satyam, horrendous as it is, has a few people praising the forthright admission of guilt by Mr.Raju. Though that act doesn't in anyway diminish the extent and/or seriousness of the issue, it does beg the question about the altruistic nature of Mr.Raju's confession in burdening all of the blame -- after all, 7000,00,00,000 just has too many zeros for one person to count. Even if one were to assume the scandal was born in 2002, its magnitude implies the swindling was at the rate of about Rs.2crore a day!
The irony of it all is that the very same people who bay for the blood of the swindlers are perhaps the Big Brothers of the ones they are targetting. If Mr.Raju pulled this off over years, the politicians, Government contractors and the like, would possibly be usurping larger amounts of real money every year, what with all the scams that get brushed under the carpet.
Perhaps, now is as good a time as any for such thieves to come out in the open -- they'll be sharing the limelight with others. But who am I kidding? If they had 10% of the moral conscience of Mr.Raju (and no, I don't condone what he has done), they'd have already done it, or such scams wouldn't take place at all.
Shame on all of them.
The irony of it all is that the very same people who bay for the blood of the swindlers are perhaps the Big Brothers of the ones they are targetting. If Mr.Raju pulled this off over years, the politicians, Government contractors and the like, would possibly be usurping larger amounts of real money every year, what with all the scams that get brushed under the carpet.
Perhaps, now is as good a time as any for such thieves to come out in the open -- they'll be sharing the limelight with others. But who am I kidding? If they had 10% of the moral conscience of Mr.Raju (and no, I don't condone what he has done), they'd have already done it, or such scams wouldn't take place at all.
Shame on all of them.
posted by Ananth Narayan at
11:29 AM
2 Comments:
Amidst the various blogs condemning Indian IT companies to eternal damnation, Atanu's reflection on the whole situation was the one which I found to be most un-inflated, if I may use that word.
http://www.deeshaa.org/2009/01/09/the-truth-about-satyam/
While not advocating any sympathies to Raju, it would be extremely short sighted to think that this is an isolated incident. Raju's confession might just be the surface as you rightly observed.
@ego:
Its sometimes not even funny, the extent to which people extrapolate such incidents. The eternal Indian fallacy of generalizing everything, painting everyone with the same brush, is at play.
Atanu I think speaks for everyone when he says people felt a tinge of happiness in seeing an entrepreneur go down.
And yes, it'd be myopic to suggest there is just one skeleton in the closet. The BSE and Nifty reviews should hopefully throw more light on it and one does hope in the interest of Indian Industry that there are more abiding companies than crooks.
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