One of the greatest setbacks for the IT industry a horrifying moment for the stock market.. Satyam chief B. Ramalinga Raju played around with 7136 crores to reduce his company to shambles !!
In what has been one of the most horrifying moments for the IT industry, in this case, the company may even cease to exist..leave alone the jobs of its 53,000 employees!! Having manipulated the balance sheet for the past seven years.. its chilling to even imagine how the icon of our Indian IT industry have reduced any existing image of everything around him, leaving employees, investors and people to utter disbelief.
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God knows what’s in store for Satyam and it’s employees..heard talks of IBM buying them. But it should come as a blessing to them if IBM does finally make the deal..even after all these..taking the responsibility of 53,000 new men..
Hope this case be investigated and handled in the strictest way possible so that the future doesn’t have something like this in store for us..Who knows who may be next. Just wish this is the first and last of its kind.