satyam fraud

India
March 12, 2009 2:24am CST
You know that In india One of the biggest Corporate rate fruad is Satyam Case. At one time Saytma CEO was role model for the most us.He was having such a name in India and world.In my view normally such persons who have fame and name will not committ such fraud which will destroy entire life and faith on other. Could you expect any other reasons for please.?
2 responses
@rashmie (948)
• United Arab Emirates
12 Mar 09
There are so many reason and the prominent one is to retain the prime position that one has got in life. It is the psychology of a man that he will never like to see him downgraded. In this case, when the Satyam's margin of profit start getting dwindled there was no other option with Raju to indulge in fraud, if he wanted to maintain his stature. In the meantime the realty sector saw a boom and he though to capitalize it in a big way be diverting his fortune from Satyam to Mytas.
• India
12 Mar 09
with the police investigation we came know that money diverted to other companies and started so many companies nearly 240 in figure. If profite comes down how it is possible. He also in social service like 108(ambulance emergency) serive and others
@kumarpslv (3218)
• India
12 Mar 09
He is preplanned criminal who spoiled the name of the computer professionals of India over the world. After making precautionary measures he surrendered himself like a genuine person. For your kind information, he is possessing a telescope worth more than crore rupees and no individual is having such a telescope in India and there is no need at all for that.