Satyam computers former ceo Ramalinga raju`s shocking confessions about his fraudulent activities in the company casts a shadow on the corporate governance practices of the Indian IT Industry.It brought to light how a person can go to fool his own shareholders and investors for his own greed.The most intresting thing in this controversy is how Mr.Ramalinga Raju got past financial auditors to boast of fictitious profits which never existed.It is suprising that the shareholders and the companies top brass were taken for a ride.While it is too premature to jump to any conclusions as to why Mr.Ramalinga Raju was making mendacious statements all the time and can only hope who ever are responsible are brought to book.
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