Mr.Raju surrendered to HYG DGP last night. Experts says that this was a wise movement from Mr.Raju. The main concerns now are
1. How many people from the corporate are involved in the sandal?
2. What about the future of the 53,000 employees?
3. Do the existing customers are willing to continue with satyam projects.?
4. Is Satyam going to pay salaries for the employees for couple of months. Rumors that Satyam does not have enough fund for paying off Salaries for the employees and they might layoff 10,000 employees or cut short the salary for the employees. However there are no official communication from Satyam on this.
Experts says that whatever happens, eventually it is the employees who are going to pay off due to any type of fraud from their bosses. That being a general statement, lets hope it will not happen with Satyam employees.
However personally I support Mr.Raju. I am not very sure about what inside the scandal issue. But from my understanding there are something bigger behind the scene.
Lets wait & see!!!!
Friday 9 January 2009
Friday 2 January 2009
2009
Satyam-India's 4th largest IT company is having tough time in 2009. I hope there will be a positive result after the January 10th borad meeting. Roumers are many other top companies like IBM, HP and CTS are in top list of the bidding companies.
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