Will Satyam Collapse or return with a big bang!

India
January 9, 2009 1:17pm CST
As we take the collapse of Satyam computers we find here the MD Mr. Raju a culprit,but if we go in detail then find that according to the story of the "bird which laid golden eggs one won't demand for its death in derth of treasure." In greed of becoming a business pioneer Mr. Raju tried to grow more faster and applied basic commercial laws to make fraudulent with the company books so that he would be able to get attention of more FIIs and Banks. But he could have very simply realized that crisis has occured globaly due to lack of new researches ventures and short of funds. Now we cannot even blame PriceWaterhouseCoopers as Lehman brothers in america they even modified their books in lack of proper knowledge and overconfidence. Now since in this clumsy market even the turnover of BSE Sensex and NSE is more than 60000 crore Rs.(INR) and the service tax collection of the government is almost 600-1000 Crores(INR) daily and if this happens then Investors- Domestic,Foreign Institutional etc. will loose their confidence and the revenue yield would be truncated gradually. Now as per the 1992 Harshad Mehta Scandal since goverment siezed al his belongings to pay off the remittances of debtors,now the approach would be same and the fund would be fused into the industry as their client base is still strong. Or an IT Mamooth will acquire it and try its hands on the readymade infrastructure may be the company would be delisted for a couple of years.
1 response
• India
11 Jan 09
tough call happy lotting and have a nice day