Satyam when translated in Sanskrit means "truth".
And truth as we all know has no boundaries. It does not need a visa, neither it requires any language to be learnt. The only thing required to speak this language is "courage".
What happens when a company of 53000 nope 40000 employees deceit them. When their job or even life is under threat. Of course the government would help, but to what extend? Nobody can defend one's image once it is tarnished & that too not even by the outsiders, but the founder itself.
In his letter to the board members, founder Chairman of Satyam Computer Services Ltd., B. Ramalinga Raju says:
They say nobody can hide the truth, yes but it can definitely be Satyamed.
And truth as we all know has no boundaries. It does not need a visa, neither it requires any language to be learnt. The only thing required to speak this language is "courage".
What happens when a company of 53000 nope 40000 employees deceit them. When their job or even life is under threat. Of course the government would help, but to what extend? Nobody can defend one's image once it is tarnished & that too not even by the outsiders, but the founder itself.
In his letter to the board members, founder Chairman of Satyam Computer Services Ltd., B. Ramalinga Raju says:
Dear Board Members,If this was not enough...
It is with deep regret, and tremendous burden that I am carrying on my conscience, that I would like to bring the following facts to your notice;
The Balance Sheet carries as of September 30, 2008
a. Inflated (non-existent) cash and bank balances of Rs.5,040 crore (as against Rs. 5361 crore reflected in the books)
b. An accrued interest of Rs. 376 crore which is non-existent
c. An understated liability of Rs. 1,230 crore on account of funds arranged by me
d. An over stated debtors position of Rs. 490 crore (as against Rs. 2651 reflected in the books
That neither me, nor the Managing Director took even one rupee/dollar from the company and have not benefited in financial terms on account of the inflated results.
They say nobody can hide the truth, yes but it can definitely be Satyamed.
Posts
No comments:
Post a Comment