On A Loose End

Update - Mr Raju has been granted bail in the Rs 25000 Crore fraud. This after nine months of treatment, for God only knows what, (He couldn't have been pregnant) in a hospital. What he was there for, what kind of disease was this which could not get cured for nine months and will get better now that he has been granted bail. The health dept is obviously in connivance with Mr Raju. The judiciary too seems to have now joined hands with the rest of the governing agencies and has granted bail to Raju. Satyam - the word means truth in Hindi. The company sure did not live up to its name. The Chairman B. Ramalinga Raju’s has admitted that Satyam Computer Services Ltd’s Balance Sheet was manipulated rather fabricated had its usual effect on the market, the sensex went on a downhill slide and no one knows where it will stop. It is a fraud worth Rs 50 billion, no mean amount. In the long run, the Satyam fraud will have long reaching consequences on how the markets operate, corporate gover...