A senior honcho at India’s biggest Information Technology company sent an e-mail with this greeting card attached to it, to usher in the year of the lord, 2009.
Among the recipients was the chairman of Satyam Computer Services, Byrajju Ramalinga Raju.
When Raju didn’t reciprocate the good wishes, the IT bigwig thought the Satyam chief hadn’t probably received it. He was about to resend the card, when it struck him that probably Raju thought the message was sarcastic.
When a tiger is caged, even a fly pokes fun at it- so goes the old proverb. Yes, he did fraud on accounting- but 4000 Core is peanut in Indian context.
Also, if his intension were bad, why he wanted to give land (which is not fictitious) of Maytas and other company to Satyam?
Was PWC sleeping all these years?
Irony is, Minister of Company Affairs is Gupta from Lalu Prasad’s Party- who is master of MOTHER OF ALL SCAMS- fodder scam.
ReaL losers are those 10s of millons of villagers where his foundation “Byrraju Foundation” worked wonders.ers.
The cliche riddled Indian media refers the Indian IT as
but now that Satyam is going down will they call it WITCH?
And wont the saga of Satyam and the name WITCH spook the business out of India?
THIS SCAM NOT A NEWS FOR TV9!
as expected there is not even a scrolling news, leave alone “breaking news” in TV9…
now you know the ownership of TV9…inspite of changing names…
associated broadcasting co>iLabs >peepul investments!
I don’t know which/why Indian media refers to Indian IT as SWITCH. Cognizant is not an India based company though it’s India operation is bigger than US operations.
So, with Satyam’s downfall I think it will be WITH.
This is one off case and people will still go WITH Indian companies for IT.
“…… Yes, he did fraud on accounting- but 4000 Core is peanut in Indian context. …”
TM – either you are a nincompoop of the highest order or plain tad imbecile.
The *jolt*shock*surprise* expressed was NOT for loss or malfeasance of4000 crores. Its not much to make a dent by itself to the economy.
Its a question of *TRUST*CONFIDENCE* – which a sane person knows,will cost India immensely – for a long time to come.
I was one among the batch of people who were given pink slips in satyam in 2002 after they lost a client account. I am happy today for what happened to this third rate organization but feel very sad for the 50K employees who have given their life blood to build major client accounts like GE and Microsoft.
I worked in Satyam in 2000 -2002 and this was the most unprofessional company I ever worked. The company has hardly any values and no good programme for employee career development. It is common knowledge in the IT world in hyderbad and bangalore that you can get jobs for money in companies like satyam. It is also common knowledge on how companies like Satyam falsify and cook up the resumes of the candidates it used to post in their client accounts and ODCs.
The scoundrel Ramalinga raju has breached the trust of his investors, employees and customers. This man should be publicly humiliated and imprisoned for the rest of his life. The directors and the auditors should not be spared.
@ Praveen Kumar
If you knew Satyam was unprofessional why did you wait for a pink slip from Satyam? Why did you not find a job for yourself where a company did not cook your resume?
I really like ur reply………..y didnt he resign before getting a pik slip……..
we should not forget that satyam started from zero and developed into a multi billion dollar company under Raju…. i am not justifying him…
i think ,when the company is in good condition investors enjoyed the profits but i dont why they are worrying like this its the part of game called bussiness.just understand condition of mr.raju if he is of a wrong kind there might have been no adress for byraraju foundation
yes dhana i really agree with ur comment
Hotte padu sir. Beggars can’t be choosers. We working professionals can’t be rebellious against such massive organizations and neither can we set it right. Ramlinga is associated with all the big time folks sir both in centre and state. Our job is to provide our technical competence and add value to the company. What the company management does with the value we add is not under our control.
I would not have felt bad if we had not worked or were not competent and then were given the pink slips. But unfortunately in our case we had contributed substantially by working for a certain client of Satyam (we worked on an average 14 hours a day). After the client finished its business and moved we were thrown out. We were cheated and felt used.
But today I am a happy man. Because first I work directly for a product development company which has better values than service companies like satyam and many others. Next I am happy because of what happened to satyam. Those folks in Satyam management are the worst untalented psychophants ever.
My advice to IT investors, job seekers and customers – Please do not trust people from real estate and construction industry backgrounds who set up IT firms. Do due dilegence and do not get carried away with the political support these industrialists have.
i agree with you Mr.kumar
No Mr Praveen , I am also an ex-employee of Satyam and I dont agree wid you. Though Satyam’s policies and work culture is not as good as any product based company but what you said that inspite of working very hard also u were thrown out is not right . I was wid Satyam and was working for a very good client of Satyam later that project was taken out from Satyam and gone to the rivel of Satyam . But still our contribution was noted and we got another project in due course of time .
They have some policies which are not good for employee growth but still if you work hard in Satyam then you will be noticed . I have experiened in my duration and I feel most other ppl will agree to this
Raju and the WHOLE family must be brought to book. That includes the extended family in USA. If he wanted to get Maytas into picture , it could be because he wanted to save himself first. Now, who owns Satyam? or who owned Satyam? Who are the share holders? Who are the promoters? who is Aberdeen Asset Management ? How can a company have 3% margins? A crime is a crime and he has let Telugus and Andhra Pradesh down. Naidu and Reddy seem to be hand in glove.
Suraj>>Its a question of *TRUST*CONFIDENCE* – which a sane person knows,will cost India immensely – for a long time to come.
Indian IT , its achievements are more than one Satyam, or Ramalinga Raju. I am NOT supporting what he did- hang him as well as Andhra Govt who fed the appetite of illegal money and greed.
One Satyam does not determine the future of IT in India and its global footprint.
I am an ex-employee of Satyam and worked very closely with the senior management in a support role. I have known Mr. Raju and other senior leaders at Satyam like Mr. ASM, Hari, TAN, Mr. Thiagu, Mr. Vijay Prasad, Mr. Subu, Mr. Prabhat, Mr. Sinha, Mr. Virender Aggarwal, Mr. Manish Mehta (just to name a few), for several years. They sure are wonderful people – very able, dynamic and highly professional. Unfortunately Mr. Raju made some fatal errors which has snowballed into unmanageable proportions. I sincerely feel whatever he did (of inflating the books of account) was not with malice, but due to the pressures of ‘being in the race’ and with a hope that things could be rectified sooner. But, slowly the swamp got deeper and deeper and they couldn’t extricate themselves out of the deep mess.
The company has had sound work practices and a great work environment – reason why so many world class professionals joined Satyam and have been there for so long. It was also ranked/rated/certified by several top global agencies on various aspects. The rankings/cerfications are not based on financial strength of the organization but by the mature processes they have.
It is sad and unfortunate to see Mr.Raju in the position that he is in today. He dug his own grave and of course of millions of shareholders too who are in the dumps.
Well, as the saying goes… You reap what you sow !!
Our sympathies go out to all the Satyam employees, Shareholders and everyone impacted by this crisis…. including the Rajus and their families.
We are not taking the meaning of caste here. We say Satyam Rama Linga Raju stood as real Raju (King), say many in AP. He has given the credit of his success to his employees and others those helped him, but carried every black mark on his shoulders with confession. It is true that he committed fraud. But a human being needs more guts to accept the fraud in public. Raju could do that.
Just look at the past. Ramoji Rao never confessed that he has done a criminal act in the case of Margadarsi issue. Still he is finding ways to escape with minimal loss. Same is the case with Krushi bank Venkateshwara Rao. He too never confessed about his crime.
Chandrababu never confessed that he betrayed his father in law for political gains. He still tries to laud NTR and wishes to justify his acts. Andhra Jyothy Radha Krishna never confessed and said how he owned Andhra Jyothy just being a reporter. He never reveals those property games.
PV Narasimha Rao never confessed about his scams. Ramesh Gelli too was silent after GTB collapse.
No convict dared to open mouth before public like Satyam Rama Lingaraju. Hence, although the doyen of software or the man behind bars, Raju is Raju. Like lion is a lion even it’s in forest or zoo.
Hence Ramalinga Raju is getting huge sympathy wave across the state. But still as Raju himself said, he has to live as per the law of land
(A news from Greatandhra.com)
Please do not fight here. Whether you are from Satyam or not does not matter here.
Raju was cooking the books of Satyam and he is in jail. This is just to avoid questioning by SEBI and to avoid trial in the US. He will be out on bail soon and his relatives will also get away, thanks to the judiciary system of India.
I am a current employee of Satyam and I know what happens here.
1. Even if I have expertise in Oracle, I was forced to work in Java.
2. Even if I wanted to goto Hyderbad, the company pushed me to goto Chennai. It did not even care to listen when I was on bench. I was on bench for 8 months.
3. Preference was given to my team mate because he was telugu.
4. My PL modified my resume to show me as a good Java developer.
5. I came to US and had to put extra effort because of that.
6. Now all the people in my project stink as they don’t use any perfume and I have to work with them.
7. The client here is Indian turned American, so he screws Indian IT professionals well.
8. Now Raju made the scandal public, I was without health insurance for a week and without a credit card.
9. I was not allowed to go to India for vacation as I am a critial resource in the project.
10. I am uncertain about mine as well as the companies future as they are saying that all the clients will go away within a few months.
11. One more thing, they were paying me less than they stated in my offer letter. When I asked HR they said shut your mouth up and wait for a while. I do not know how long.
Yet I am a proud Satyamite and every Satyamite is a leader.
Alas the main leader is the biggest corporate fraudster of India.
Thank you all
It is such a irony that ex-satyamite are talking so ill about satyam.
God alone knows how they got a job in the next company when their loyalty with previous company doesn’t hold good.
If you were kicked out of company after the project was over , then it is mere laws of corporate world and also your incompetence that you could bring extra skills on to the table.
It is unfortunate though that a company that put Andhra Pradesh on the world map is crumbling into pieces because of misjudgement and over confidence of the people involved in decision making.
Finally, its the investors, employees, shareholders who are facing the brunt.
As an ex-satyamite, I am still hopefull that the client base would not leave satyam and in due course with a new board of directors the company will again stand on its feet.
I will always be proud to have been a part of stayam in the past. Every company has its flaws. Dont forget satyam is the youngest company in all the major IT leads in India.
Mr. Praveen , you shouldn’t forget that satyam was a part of your career, if you dont belive that that its your incompetency.
I totally agree with Narayana Murthy.
Raju is the King of Andhra Hearts even in this bad phase of his life.
Humiliating Raju will adversly affect young enthraprenuer’s phyche.
The cases should be investigated as immediately as possible and Raju should let continue with his innovative charity jobs and thus inspiring enthreprenuers and Telugu peole.
Money losses to the shareholders is a part of the game. After all business is a risky game and the shareholders know that.
Thank you. God bless Raju and his family.
Hey you telugu guys
Open your eyes, stop daydreaming and crying for so called Raju Gaaaarooo.
Don’t you see what damage he has done till now?
These are some facts about fraudster Raju chacha:
1. His spinning mill has still not paid the debt of 52 lakhs to APIDC which he started in 1983.
2. Raju chacha had interests in Land and real estate. He is among the top 10 land lords in the country
3. Though his company Maytas was floated in 1983, it started agressive foray into the realty market only in 2005 onwards, because the money from Satyam was diverted into Maytas.
4. The 108 service of EMRI was started by Raju to show that he is doing charity. But actually all the state goverments were paying upto 1lakh per ambulance of 108.
5. Raju also was into many state govt. projects saying that he is helping the govt. in IT. All at the cost of his interests in keeping a good rapport with the govt. officials.
6. Rs. 30,000 crore worth of projects were allocated to Maytas by AP govt. Don’t you see a direct nexus with YSR??? Even Delhi metro rail chief Sreedharam smelled fish when Hyderabad Metro rail project was awarded to Maytas.
7. Satyam never had may of its campuses to it’s own name. It ran offices in leased and rented places. Why? So that when company is busted the petiioners have less property to liquidate.
8. It is a large scale fraud and a lot of people are involved. the top brass sold shares just before the crash. A lot of politicians also involved. Why SEBI was stopped from questioning Raju?
9. Stop praising about Satyam experience. it has become a black spot on all our careers. Even Surf excel cannot remove this stain.
10. It’s high time you guys pray for Raju unless you have some vested interests associated with him. He is a fraud and he deserves to be left in the hand of public who know how to deliver the justice.
Any questions reply back, ignorance is sin.
Ramalinga Raju was a Donga and is a Donga.
His house was a jail and will be a jail for ever If US pursues him in Maytas purchase in Texas.
He is not Raju. He is a Donga, big Donga
With out goverment officials this will not happen.
Especially former CM chandrababu naidu and present CM rajasekar reddy.
In 7000 cr scam half of the money will be trasefered to present CM.
Otherwise how his son jagan was managing sakshi with a loss of 1.5 cr per day.
This all is what politics played by politcians for making people (us) jokers.
mr.venkat reddy, be careful before u talk about some unknown issue.
Raju always will be Raju forever.
do u know what the talk of hyderabad now is.
respected y.s.rajasekhar reddy gaaru is the main person for misleading Ramalinga Raju in land settlements.
what do u and i know about big people.dont dare to talk on such issue.
or else your butts will be kicked.
did u not do a single mistake in all ur life.ok if u have done.
did u dare to accept it before a lot of people watching you.
Iam not sure of what exaclty happened among the senior management and the government during the scam.But any person cannot do such a big scam without government’s support. Even a layman can understand this.
But being an ex-employee of satyam i know pretty much about the work culture in Satyam. I do accpet that you may be asked to work in Java, even if u r interested in ORACLE.You may be asked to work in Hyderabad, even if u r interestd in Bangalore or chennai.
But pls remember that satyam is ‘what business demands’. So, you will be placed into projects according to the current demand but not according to your personal interest.
I have personally seen many differences b/w satyam and few other companies.
I work for a support project. Even during the most critical times, satyam did not stop giving salaries or shift allowances to us. I moved to a new organisation as my client moved.There started our troubles.
This new organisation always show very gud profit in news papers. But they are not willing to provide us the shift allowances. They reduced the no. of resources to half.We feel that we are in jail now. Everyone of us who left satyam and moved to new organisation along with client are feeling very bad for taking such a wrong decision in leaving satyam.
Satyam is giving hikes to its employees even now.
So folks, pls dont blame an organisation or its manager without knowing fully abt it. Pls remember that every company has its own pros and cons. But i feel that Satyam is the best organisation and Raju is a LEADER. He might be a part of the scam but he might have a strong reason for that (Just like Hero in LEADER movie).I LOVE RAJU and I LOVE SATYAM.
I want to get into SATYAM again. If possible, help me :)