When news about “satyam fraud” broke out, we could see immediately view the damage it has caused. It’s a huge blow to corporate India and particularly IT sector. Doubts were raised about other IT majors but it seems to have subsided a little bit after infosys reported their Q3 results. But, in long term perspective satyam would be viewed as the fiasco which showed major holes in the Indian corporate governance.
Now that Mr. Raju in jail, the government has taken some strong measures. New board members have been announced and they are taking every step to solve the liquidity crisis.
satyam employees disgusted
