Satyam

Satyam---- What a shock in this new year, India fourth largest firm is now down to bottom.Nothing to spare, it just got ruined and is now out of market.Hope there will be a capable company to buy this of and hopefully the Satyamites will not be affected a lot.I am not here to speak of why this happened or what should be done next, these all will be seen everywhere in the newspapers or news channels or wherever we go.But amidst all these, I have a very different thing to talk about.Its that thing that kept me very interested on the status of this fraud(or whatever people wish to call it as).It is the resignation letter that Ramalinga Raju wrote.

The letter had a life in itself,the note was more tragic than a suicide note and showed the character of the writer.Firstly,accepting such a big fraud needs tremendous courage and very high mental stability and he showed that he has all of these by accepting it.The way he has accepted it, shows all the hardships he has undergone in life and his concern for the rest of the people.The line"It was like riding a tiger, without knowing how to get off without being eaten" shows the high amount of risk and clearly explains his situation and failure of all the attempts he actually made to recope. The lines"None of the board members,past or present,has any knowledge of this situation" is the statement which show his genuine character.Actually, as everyone knows, the differences in the balance sheet will obviously be noted by all the board members or atleast the cream of them and a fraud like this can never be a one man work.He is just trying to save everyone from this which is a very tough effort but an appreciable effort.After all this, he ends the letter with the lines"I have seen it grow from few people to 35,000 employees 185 fortunes having operations in 66 countries",the lines which show his love for the company and the tenderness with which he brought all this change into the company.

This letter was more of his regret for what he did rather than a confession.At the end of it, for the first time I felt that this should not have happened atleast not when RRaju is alive.I sincerely feel he deserved much better send off from the company than this.I accept what he did is a mistake but Satyam might have gone into deep mire long before if this wasn't done.The fraud is not done for himself(like our politicians and other corrupts) but done to make sure his organisation which feeds so many runs and doesn't go extinct. Even after all this, he actually helped everyone by disclosing all this or else no one would have ever found out what really happened and the exact amount of scam.This is not that I am justifying his act but I am just trying to express my sorry to RRaju for the situation he was trapped in.