This didn't happen overnight. More important than what happens to Raju is preventing this from happening to other companies. A system is needed that is able to detect such dishonesty as early as possible and alert regulators and the market. Actually, since people do this to artifically bloat their market value, just alerting the market is enough as the market will punish them by slamming their stock price. By the time the Maytas deal came to light, a lot of fraud had already happened.
