On saturday the hyderabad court had extended Ramalinga Raju's 'stay' at Chanchalguda Central jail and also upgraded him to special status. What a disgrace? Reading such a news along with the news of Madoff getting his 150 years term for the 65B fraud, is really irritating. What we are having here in india, in the name of autonomy of states is just enabling the states (Andra Pradhesh in this case) to sponsor financial crimes. Now its just helping its old friend Raju with a special status, a luxury in the Jail. All the ruling parties in AP in the past were taking perks from Raju and allowing him to indulge in what is later realized india's top financial fraud.
I have no wonder why maoists and naxals still exist in India.
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Joe!!!
ReplyDeleteIs this the top most financial fraud?
What is the magnitude in comparison to Harshad Mehta's Scam / Telgi's Scam or any other that's bigger than that...
What is more disgraceful is...
- Naming the company "Satyam" and with what audacity he worked to blemish its name ?
- What wrong did the SW. Engineers do wear the stain of the sin which they were not connected in anyway.
@Emma
ReplyDeleteIn terms of the monetory, it may be smaller. But misusing then given amount of freedom given to IT companies in financial operations for individual gains makes it the largest. In this case Raju manipulated things just to loot money of the investors and seeing to it that it reaches his pocket.