Re: Re: Raju is a great humanbeing!!
by Anthakudi Nagarajan on Jan 19, 2009 06:27 PM
Rediff is not only tarnishing the image of Raju but the Indian image as whole. We should not forget that he created employment for 53,000 people ( irrespective of their region - Telugu, Tamil, Malayali, Kannadiga, Maharashtrian, Bengali etc) and helped India to earn millions by way of foreign exchange. Yes, he is guilty of fraud but that should not be blown out of proportion. He is an Indian.
Re: Re: Re: Raju is a great humanbeing!!
by manjunath reddy on Jan 19, 2009 08:11 PM
He has given employment for 53,000 people and snatched the future of the same people.
Re: Re: Re: Re: Raju is a great humanbeing!!
by Anthakudi Nagarajan on Jan 20, 2009 02:49 PM
Manjunathji. Koi bee apni kismet likh ke lekhar nahi aaya hai. Kismet yahaan banti bi hai aur bigadti bi hai. Jho log aaj musibat me hai kal achche din bi dekhenge. Keep patience.
Re: Is it the news?
by arkesh sharma on Jan 19, 2009 10:28 PM
This News is making rounds on every News Site. That means every News site is publishing and tarnishing their images ? ? Dont Abuse rediff saying that it published a third rated article. If you are so much concerned about the quality of the news, open up your own news Site and there you make sure your readers get the TOP QUALITY FIVE STAR NEWS !!!!
Re: Is it the news?
by arkesh sharma on Jan 19, 2009 10:37 PM
And One More Request to all of you is that STOP PLAYING THIS BLAME GAME. We Indians have a very bad habit of blaming each other when things go wrong. If things go wrong then if you can fix it then be the pioneer and fix it otherwise if you cant do anything abt it then stop blaming others. Start looking at the brighter side of things. If you are counting Raju's mistakes then also take into account what that man did for the country and for the fellow Indians. Im NOT a supporter of Raju but i dont like people playing this Blame Game. "Kal woh ek hero tha aur aaj woh ek chaalbaaz insaan ho gaya jisne sabke paise kha liye ? Log kaise kaise apni hi baat palat jaate hai."
Re: Is it the news?
by Kapish Kakodkar on Jan 19, 2009 05:33 PM
what raju has done is wrong. when something wrong is done u cannot expect media or people to say nice things about him. many gullible investors have lost their life savings for keeping trust in him. don't blame rediff for this article.
Re: Re: Is it the news?
by Sunil Dupakuntla on Jan 19, 2009 06:01 PM
Mr Kapish, Then you blame SEBI (the investor watch dog) for not performing its duty well. Blame Auditors for colluding with the companies management. Blame Income Tax department for not noticing the binami transactions that the company is doing. This is the failure of the system. What will you get by emotionally scoling a single person and making him acountable forcefully as it nobody has any part in that. You may react emotionally but Media can't do it. It should react rationally.
Re: Re: Re: Is it the news?
by Kapish Kakodkar on Jan 19, 2009 06:46 PM
Mr.Sunil how r u assuming that I do not blame these people. there r many articles on rediff blaming them and i have not said anything in support of them neither i blamed media as u did.
Re: Re: Re: Is it the news?
by Sajith Nallithodi on Jan 19, 2009 06:41 PM
Never condone the acts of a rogue. Investor believed in their audited financial results before investing huge amounts. Raju has put all the blame on himself. He categorically said that nobody else was aware of this fraud.
Re: Is it the news?
by Samyu NSK on Jan 19, 2009 05:33 PM
Hi Sunil,
Please be aware, Corporate Affairs Minister Prem Chand Gupta on Sunday said prima facie evidence proves diversion of funds from Satyam Computer Services
Re: Sathyam - Raju
by Samyu NSK on Jan 19, 2009 04:33 PM
Dear Guest,
Please try to understand, Raju did not paid the salary to Satyam employees, it’s Satyam employees who brought wealth to Raju. Try to learn the fundamentals of Public Ltd companies
Raju has looted Satyam company's money and diverted it to Maytas owned by his family and used it for paying AP politicians to get all the orders for Maytas.
Raju the founder of Satyam was holding only 8% of Satyam shares he did not had any right over the company beyond this 8%, so he wanted to loot the company before someone else takes it over and he did it.
Re: Re: Sathyam - Raju
by Sunil Dupakuntla on Jan 19, 2009 04:59 PM
My Samyu, I accept that employees have made money for Raju, but you forgot the fact that you worked for satyam for your livelyhood. Clients have given projects to Satyam by seeing Raju and his track record but not of you.
Raju alone holds 8% of the stake in Satyam but along with his close aids it comes to 20%.
You are saying that Raju has looted the companies money. I advise you to not get carried away with the articles in Media. It is not yet clear whether figures were inflated or money was redirected.
Also remember that the culprit is not only Raju, but many other entities who cooperated him are also to be blamed SEBI - Investors Watch Dog IT - Income Tax Department Bankers - Who authenticate auditors about the money deposited in their banks Auditors - People who authenticate the facts and figures presented by the board Board of Directors - People who collectively took the decision along with Raju.
Today India needs stricter norms in minitoring the corporate governance. Unfortunately no corporate is welcoming this idea. They give their own reason but the underlying fact is that all the companies does the same and govt do not have reins on the corporates.
In a way you should appreciate Raju for accepting his mistake. This is the first case in the world where a CEO has accepted the mistake. There are many big scandles happened in this world but nobody had accepted it but they were found guilty during investigation.
Re: Re: Re: Re: Sathyam - Raju
by srinivas Yadagani on Jan 20, 2009 04:31 PM
dear sunil,
I really appreciate your reply to all those .... cowards who sit at home and blindly belive the media. Indians will never change their thinking. I still believe that Indians are like Frogs in well. Think logically ,why would a man who has commited a mistake/fraud accept it public. I think there is big conspiracy in this. The same think happened when Volkswogen wanted to set up plant in AP in 2004/2005. The politicians are to be blamed in this. They ask for share in everything from the corporates. I want to fill PIL against Rediff.com for providing useless and proofless information for their readers. I am a lawyer in mumbai high court.
Re: Re: Re: Sathyam - Raju
by Samyu NSK on Jan 19, 2009 05:49 PM
Hi Sunil Dupakuntla,
Please be aware, Corporate Affairs Minister Prem Chand Gupta on Sunday, January 18 said prima facie evidence proves diversion of funds from Satyam Computer Services
Re: Re: Re: Sathyam - Raju
by asad hgjkf on Jan 19, 2009 05:47 PM
When was the last time u read/ watched news? Everyone knows that Raju had to come up with the confession coz DSP Merriyl Lynch had informed SEBI about the cooking up of Satyam's books. U seem interested in blaming everyone, but the person who actually committed the crime seems to be a saint in ur eyes.
Re: Re: Re: Sathyam - Raju
by asad hgjkf on Jan 19, 2009 05:49 PM
For that matter, Raju together with his aids holds only 8% of Satyam. And even if he held 20%, it did not give him any right over 100% earnings of the company. 80% belonged to investors, not him
Re: Re: Re: Sathyam - Raju
by ramakrishna Abbadi on Jan 19, 2009 05:45 PM
Right, people worked for satyam for their livelyhood. Clients had given projects by seeting satyams performance. It not raju alone working.
Raju alone holds 8% of the stake in Satyam : Rest of the money is of investors.
As long as it is a pvt.ltd company, your point is valid. Once it is a public listed, you have to take a broader look.
Re: Re: Re: Re: Sathyam - Raju
by Sunil Dupakuntla on Jan 19, 2009 06:04 PM
So as an investor what kind of information you demanded from the company before you invest. What did the SEBI the watch dog doing without protecting the investors interest. When you did not exercise your right properly and when you are not willing to accept the flaws in the system, why are you blaming Raju alone.
Re: Re: Re: Re: Re: Sathyam - Raju
by asad hgjkf on Jan 19, 2009 11:42 PM
Man, u really need to read about this whole Issue. The investors always asked for information. But Raju gave wrong info to the investors. And that is exactly why he is in jail right now. Got it?
Re: Re: Re: Re: Sathyam - Raju
by Samyu NSK on Jan 19, 2009 05:50 PM
Hi Sunil
Please be aware Corporate Affairs Minister Prem Chand Gupta on Sunday, January 18 said prima facie evidence proves diversion of funds from Satyam Computer Services
Re: Re: Re: Sathyam - Raju
by Sailesh Madcowkar on Jan 20, 2009 12:38 PM
This is utter garbage.
By your logic, a serial killer who kills rich people and takes their wealth and distributes it to his thieving friends should be treated like God. It is the duty of the police and the 'SYSTEM' to stop him from killing and he has no moral obligation.
As long as the police doesn't find out and as long as he pays some money to his side-kicks, he should be treated like a God.
Get a life dude!! Raju should be tied in the middle of the road and everybody should piss in his face...such disgrace
Re: Raju
by drunken monk on Jan 19, 2009 07:40 PM
Totally 30 seconds and after a period of time, the appearance of Raju's face will speed up behind the wall, so one will loose concentration. Typically 10 - 12 is a good score.
