Category Archives: LAW

Ramalinga Raju Admits 7000 Crore Fraud


Satyam Which has been in troubled waters for sometime now suffered the worst blow any company could  get when its chief ramalinga raju confessed that all these years the accounts shared with the share holders and  investors were inflated . Its clear now that  maytas Deal was a cover up used for filling  the gap between the balance sheets and the actual money that was available with the company .

It actually comes as an  absolute shocker that a company as big as satyam which is even listed in New York stock exchange could come under the scanner for a fraud of such a huge sum . ofcourse , thousands employees who make the company aren’t responsible but ultimately its the brand name SATYAM that takes the toll . And the investors and the employees are the ones who suffer in turn .

This news , yesterday, spread like a wild fire and the investors reacted within no time to take out the money . The company  shares had a free fall from a value of  170 to mid 30s , almost77  percent down . This is  expected to go further  down .Somewhere i even read that the shares could touch a value as low as zero .

The repercussions of this whole event Could be huge . Indian market which is already reeling under the effects global recession is gonna get severe blow even though they are going to remove Satyam stocks from NIfty. This Could shoo away lots  of NRI and foreign investors who have been the main reason behind the massive IT development in the last few years. Think about the 50k employees of the company.They are no more secure. and finding a job is difficult these days even for the experienced lot .

And there are around 8ooo freshers (2008 passouts)Who have been recruited by satyam and almst 80 percent of them are yet to join . Being a fresher myself i know how it would feel . Many of them had taken huge loans an the  only way replay was to join Satyam . And now under all these circumstances , chances of them getting joining are very less . And the job market isnt helping either.

After all this when the main culprit ,who is responsible for all this , will be given a punishment he will be out again in bail.I think Its high time that we have stricter  laws for dealing with these kinds of cases . He has played with  thousands of peoples life .

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LAW and ORDER !! What’s that ??


hindu

Photo source : HINDU

Dr. Abdul kalam has asked young bloods to dream but Guys like this are still fighting over petty issues like cast .I really dont understand when our country is gonna learn from the mistakes we have been committing since ages. WE just keep doing this again and again .

For those who are still unaware about what i am talking , Read this.

I was shocked, so were my parents after watching the video in a local news channel. Students attacking each other like maniacs with sticks and iron rods .  The evolution of a  man from a  pre-hestoric man took millions of years but now after seeing this incident i really doubt the very term of ” Civilized Human ” . The issue actually as gone beyond the caste due to which attack started .

Were they really humans ??  . How could they behave in such a way ?? . One side we are basking in  the glory of the chandrayan probe’s successful landing on the moon ,  and the other side guys like these are acting like barbaric pre historic man fighting for a piece of meat .No wonder we are called Social Animals (pun intended ) .

The most disappointing thing  in this whole incident has been the police force , who were mere watchers . They witnessed the whole incident and coudn’t dint do anything . Its really difficult to digest  . If i am not wrong there were more than 20 police personal present there  and they could have easily stopped  the rampage .But they dint and what a lame excuse – the college principal dint allow them to enter . I wonder what those police officers would have done had the boy being assaulted was their son . Even if the principal dint allow them to enter the fight it was their moral responsibility to stop it .  It was not one there few more who were attacked brutally by a gruop of other students .

The Government cant do bring to proper justice to this whole issue even now . The police official have been transferred . What kind of punishment is this  . ??? They would be partying by now for being let scott free . As far as i know they are equally responsible for the whole issue . They should have been atleast sacked for negligence of duty , if not jailed . The future of law and justice assaulting and attacking each other in front of a Police force which is meant for maintaining a proper order  .This is the pathetic state of law and order in our country .

AS for those Future lawyers I don’t think they deserve to be lawyers and i really feel for them as even 12 years education has not made them even close to the definition of civilized. What standards are they going to set for future generations . If this is the face of indian youth then like DR Abdul Kalam said we would just have a dream of India 2020 and the dream will remain a dream .

I managed to find a video of the incident in you tube

Light hearted please dont watch this !!!

[Youtube = http://in.youtube.com/watch?v=d5AsWevkj1A&feature=related%5D