what raju has done is bad decision making. but what he had done would be good for country in long run. maytas is doing lot of infrastructure projects which are needed for the country. the deal might have made executing those projects easiaer. this crazy victimization might have some more motives behind to usurp the surples cash satyam has, by smear campaign. any thing is possible. the share holders should be prudent to allow maytas deal which is doing hyderabad metro, bandar port and other use ful projects.
I wonder whether Lakshmi Mittal owes all of his fortune to the Indian tax payer. Remember he left India in the late 70s with funds to set up a processing unit in Malaysia.It would be foolish to presume that his family wealth had nothing to do with loans from Indian banks.Look at the Modis who owe banks thousands of crores of rupees.How much has been repaid and how much written off as bad debt. Why what about master corruptor Dhirubhai Ambani - where are all the cases that were piled up against him? They would serve better if they were used to wipe the floors of his Gulf Streams. Ramalinga Raju tried the Indian corruption stunt at the UN and it back fired. It will soon be forgotten and all will be fine. Hurrah to India's medicore and rotten administration and to her ignorant leaders who emerge from deplorable villages. Such incidents will continue.. no shocks or surprises here..
I am surprised how not many people have got the clear picture. I will leave a few clues. WorldBank blacklists satyam (because of their oversmartness) - Satyam affected because of recession - Maytas is one of the realtors who is building the Great Ring road around Hyderabad - World bank is a sponsor to that project. Can you put the pieces of puzzle together now ?
Re: the deal
by amit jain on Jan 02, 2009 08:52 PM
For the dignity of corporate india, Raju should be thrown out. Let no one take the Indian shareholders for granted in future.
Think some FII or so who want to buy the company cheaply is doing all this golmaal ... Raju might have done 10% crime, but the other board of directors are now doing 90% more crime.
Re: Re: Satyam fiasco looks purely political
by amit jain on Jan 02, 2009 04:03 PM
Yes, I agree. Marwari and Gujarati businessmen have done worse things. Not fair to target South Indian businessmen. India is full of cheats, and each is awaiting its golden chance.