Re: Ruin of Telugus...
by giveme abreakplease on Jan 11, 2009 08:25 PM Permalink
Post with your real name, don't hide under an alias if you are going to make statements like these.
All the readers and rediff users, please make a note of this. Please do not accept any job offer oropt for any kind of work in any of the countries of africa. The employers are big cheats and frauds. One of the employing agent for east/west africa is located in bakthawar, nariman point, mumbai. Please becareful. Pass on this information to all you know
In early 2008, recall that Mr. Sridharan, CMD of Delhi Metro Project - with his impeccable professional record - advised the AP State Government about the irregularities and tailoring the Tender process to award the Tender to MAYTAS. The State Govt turned a blind's eye and Mr.Sridharan quit. There was so much news in the TV and newspaper on the above. Surprised that not a single channel or newspaper has contacted Mr. Sridharan's for his version on MAYTAS episode then. I am certain that the truth of 'SATYAM>
Re: MAYTAS....& Hyderabad Metro Project ????
by anjani on Jan 11, 2009 08:07 PM Permalink
The Govt and local press were baying for Mr. Sreedharan's blood then and wanted him to apologise. Wonder why no one is seeking his ocmments now.
Re: MAYTAS....& Hyderabad Metro Project ????
by giveme abreakplease on Jan 11, 2009 08:26 PM Permalink
Cheating on tenders is an accepted and common practice in India - probably that's why no one paid much attention.
Bridges don't collapse automatically within a few years - it's because the contractor cut his costs that he had to grease all the people who "fixed" the deal.
While financial crimes should only be punished financially, the problem with such big financial bunglings (like the earlier chit fund cases or even the US subprime foolishness) is the impact on a large number of employees and their dependents. Therefore, such crimes are actually bigger than how they appear.
Re: Hmm
by giveme abreakplease on Jan 11, 2009 09:17 PM Permalink
This could not have gone on without support from at least some auditors and regulators in Government. Punish all of them, not just the scape goat.
Every day, it's likely that some evidence is being erased silently.
While financial crimes should only be punished financially, the problem with such big financial bunglings (like the earlier chit fund cases or even the US subprime foolishness) is the impact on a large number of employees and their dependents. Therefore, such crimes are actually bigger than how they appear.
Re: Re: Sent them to Pakistan
by giveme abreakplease on Jan 11, 2009 08:35 PM Permalink
There's no need to bring in religion into this thread at least, please.
The ruling party of A P should be the main culprit. They might have used the Satyam as a front company or a tool to enrich themselves. Now tjhey speea like holy cows. Keep the ivestigation on confidentially and keep all press and media away for at least one month and then publish the outcome. It is advisable to keep the entire AP investigation teams away as they may not bringout the real facts. A fraud of such magnitude could not have been perpetrated by one single individua or for only few days. Several big whigs might hae been involved and the same must have been going on for at least 2 or 3 years. They should also bring out how the Raju became gullible or a tool in the hands of perpetrators of this fraud.
Re: Satyam Fraud
by mahabodhi on Jan 11, 2009 07:46 PM Permalink
Raju was blue eyed boy of Chandra /Babu Naidu and L K Advani!and he was introduced to american Presidents Clinton by none other than Naidu when he was CM !Naidu ensured that all rich land in /hyderabad and IT projects of AP Govt. were givento Satyam!and ask yourself as many have said in this forum was Naidu holding shares of Satyam!But there amny who support terroism financial Terroism like you and even many authros like SriRajeev Srinivasan in this Rediff forum! what u r saying is that u too belong to Raju band and that corrupt who defamed Mothe rIndia and brought disgraced to IT Industry is innocent!Well what ever u may say but Satyam listed in NYSE your Raju will face the american law as enron directors got!MD did suicide whcih this Terroist Financial Terroist will not do and CEO is in prison for 24 years!so let us hope that truth will prevail and at least americans will give justice to your Raju and ilk!
Re: Re: Satyam Fraud
by shermon Kumar on Jan 11, 2009 07:51 PM Permalink
Why can't you get your language right? Difficult to follow what you are saying
Re: Re: Satyam Fraud
by Kaushik Das on Jan 11, 2009 08:01 PM Permalink
1. This is not financial terrorism. 2. Satyam, like any big company in India (reliance or sahara or sheila dikshit's son's malls and blueline buses or any other) is close to the powers, be it Naidu or the present CM Reddy. That is the practice in India. It may not be wrong unless undue advantage is taken from the relationship.
3. Rajeev Srinivasan's article had simply pointed out that Satyam is not a one-off case (as many other people have concurred). He had also given the justification on the basis that the father's and son's company are dealing with each other. Using common understanding, this is nothing special. However, since satyam was a board-ruled company, things change a bit. Rajeev S had clearly stated that he was not an expert in this matter and the article was his own opinion. And he was partly right because the same WB that is now bent on barring Satyam had not barred the several companies that have taken the world economy down with their subprime foolishness.
Just as Satyam's top management was dominated by people from Raju Caste, Infosys is dominated by people from Brahmin community. Surely, there must be something fishy going on which is why they want to keep it within the brotherhood?
Re: Single community controlling top management is bad omen!
by Ganesh R on Jan 11, 2009 07:34 PM Permalink
Are you educated or illiterate? Educated man looks for thoughts & actions, illiterates looks for caste & creed. Why bring caste into this picture? Are you literate or illiterate? Morons like you drive me nuts!!!
Re: Re: Single community controlling top management is bad omen!
by mahabodhi on Jan 11, 2009 07:51 PM Permalink
ganesh R you r right but truth is that nSatyam Accounts department was with only of his caste men!And for Corporate Goverance of Corrupt Banis then please go to any birla comapany and I challenge you that you will find only Marwaris in Accounts department1why!go to Hindalco , Grasim and find for your self!But all said and done Infosys may be having Brahmins but these Brahmins have not brought India disgrace and these Brahmins of Infosys have done India Proud !They are not Banias but a new entity which may pave for way to what is called Indutrilist and not mere traders!
Re: Re: Re: Single community controlling top management is bad om
by Virtual Insider on Jan 11, 2009 09:48 PM Permalink
I fully agree you mahabodhi, majority females and males who made it to Overseas assignments were Rajus, Reddys, Bramhins, Tamilians (ah these guys have occupied VP positions few such fellows are Hari T and Laxman Subramanian who were just B.Com graduates but came up stamping others and North Indian females)....
Re: Single community controlling top management is bad omen!
by Kaushik Das on Jan 11, 2009 08:03 PM Permalink
Maybe because Brahmins (and many others - because all my contacts in Infy are non-Brahmin) care about educating themselves whereas people like you don't.
Re: Re: Single community controlling top management is bad omen!
by just passing on Jan 11, 2009 08:08 PM Permalink
You have a lot of contacts in Infy top management, you must be a big shot!
Re: Single community controlling top management is bad omen!
by giveme abreakplease on Jan 11, 2009 08:33 PM Permalink
Personally, I don't think India is at the level yet where you hire purely on merit. Especially in things like accounts, you will probably see people hiring people from their own caste.
It's a sad fact, but true. In general, brahmins don't congregate too much (which is why they have very little real property) but that's slowly changing.
It is written as Satyam CFO or as Satyam's Chiarman...... Please make a note, these people gave a "black paint" to the word "SATYAM". And they are no longer attached to this company any more.
Let the 50k associates live with their "skilsets". There are more eduacted professional, who can manage this situation and the company.
Please do mention as "Ex." to their old "Designations"
