Ramalinga Raju, CEO of Satyam Computer Services, swindled thousands of their monies when the Satyam fiasco unravelled suddenly on 7th Jan 2009 and now he is out of jail on bail. I am unable to understand how that could have happened.
Maybe it could not be proved that he is the culprit but aren't we seeing the effects of what he caused? The stock price of Satyam, one indicator of its health, is around 74 INR on the NSE. Investors lost lakhs when the stock price tumbled from 400+.
Personally, I am a little miffed at the fact that Ramalinga Raju and his cohorts got bail. I would have given them a few hundreds of years in jail so that they realize what they have done and also to set an example to anyone who thinks even for a second that they can rip people off of their hard-earned money.
Maybe it could not be proved that he is the culprit but aren't we seeing the effects of what he caused? The stock price of Satyam, one indicator of its health, is around 74 INR on the NSE. Investors lost lakhs when the stock price tumbled from 400+.
Personally, I am a little miffed at the fact that Ramalinga Raju and his cohorts got bail. I would have given them a few hundreds of years in jail so that they realize what they have done and also to set an example to anyone who thinks even for a second that they can rip people off of their hard-earned money.
