Monday, June 22, 2009

The Satyam Fiasco : Raju & Sons

The Times of India has reported that Raju stashed away millions in foreign accounts even before the money could reach Indian shores. This surely doesn't come as a surprise to me!

I still remember the 7th of January, 2009 and the week following the dreaded date. There were so many 'ardent Raju worshippers' who believed what Raju had written in his hog-wash of a letter. I for one, a sworn skeptic, could not digest what was written in the letter.

The perpetrator of crime wanted to leave as a sage. And he sure did succeed in luring many of his followers in his spell.

Now the questions that I want to ask, and answers to which are pretty obvious, are :

Why has Raju and his family's property not been confiscated and frozen?
I'm sure the answer to this question would be that the matter is sub-judice and that no action can be taken till there is a verdict in the case. The question that arises is that why the Indian legal system is so incompetent so as to allow perpetrators of a crime, who have wreaked havoc on lives of thousands of innocent people, still living lives of luxury?

Why can't there be a provision in the law that prima-facie evidence should be enough to confiscate the property and assets of the perpetrators when the evidence is glaring at the reality?

Why is he in a VIP jail when lives of over 200k people have been screwed up by that shameless creature?
This one surely beats me! I mean, this cheat is languishing in a VIP jail when the very people who worked hard for building his company are now living on subsistence salaries! Many people who had faith in Satyam and who had contributed in its growth have been put into VPP. Why in the world is he not in a regular cell? I would love to see him sharing a cell with petty thieves!

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