Friday, 9 January 2009

A Second Cover-Up?

Having cooked up balance sheet numbers for many years, Satyam's big boss does not seem to have any plans to stop lying. According to Ramalinga Raju's confessional letter to the Satyam board, the numbers were beefed up to show profits that weren't there. But I'd rather believe this brilliant article which suggests that most probably money was siphoned off Satyam to pay for Raju's other business interests

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