Satyam Scandal :: Ramalinga Raju is not the Problem

By Saswat Pattanayak When Enron conveniently declared its bankruptcy in 2001, it not only resulted in rendering more than 5000 employees jobless, and relegating more than $1billion in employee retirement funds to vacuum, but the corporation also succeeded in eventually evading recovery of more than $40 billion of its assets. Enron’s corruption was neither pathbreaking nor unique. Financial bunglings are necessary features of market capitalism resulting in widespread unemployment, continuation of class society and dependence of world majority on the corporate minority. All criticisms being hurled at Ramalinga Raju – the disgraced former boss of India’s leading software giant Satyam…

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