Satyam has turned out to be the biggest Corporate fraud!!

India
January 12, 2009 12:38am CST
Satyam,One of the leading IT company of india,ranked fourth has turned out to be the biggest Corporate fraud and shocked the whole world.So what is gonna happen with those 53000 employees(not a matter of joke).Already the IT market was so down in india and this incident will highly effect the market again.So what is most probable thing which can happen right now
4 responses
@arthi_88 (1518)
• India
12 Jan 09
Most probably government will take over the company and as of now World Bank has banned Wipro also. Its a very bad time Inian IT market is facing and we can just hope things take a good turn soon.It will surely take lots of effort to hold this market stable.
• India
12 Jan 09
yes you are right
• India
12 Jan 09
ya it was very schocking to hear that.. had he invested his tactics of lootong so much in business i think the company would have done better... now many companies are bidding to take over sathyam as they would get clients.. lets hope for the best.. and those who invested in sathyam shares 2 days ago are very lucky.. it went up three times... :) ..
@devtina (371)
• India
12 Jan 09
Truth always triumphs....there is end to every beginning so hopefully this phase for the employees will change to good in their own favor.
• India
12 Jan 09
if you have seen the latest news, the Central Govt has appointed a new board of directions to head Satyam so that its financiers don’t back off. Hopefully, the reputation and goodwill of these new people, will help Satyam tide over the crisis.