Corporate Scandal: Is This India’s Enron?

This fraud is the tip of the iceberg. They have all been up to it. Just sratch the surface of the other IT companies and outsourcing companies. Fantasy and ferry land only lasts so long. Bad quality staff, services, poor management and low moral ethics eventually are disclosed. Corporate america and europe whom have relied on the lieing and untrustworthy indians will now start paying the price for there reckless and negligent behaviour. Any company whom has outsourced to a country whom can’t look after 1 billion of it’s own citizens and provide the basic daily essentials to them, deserve the fallout that is about to happen from an industry run by crooks. Wake up corporate world, or should we just accept all large companies are run by crooks.

Because of one fraud you cant say all the the Indians are untrustworthy. Do not blame on whole country for deeds of a one company or person. Please look how many fingers are pointing to you when you point one finger on whole of India.
Thank you

The Tech companies from India have more that they have lied about. They have been under bidding for jobs in the USA, claiming that their workers are just as good as the American workers. But too often the companies, have had to turn around and hire American high tech workers on a temporary baises to repair and correct the mistakes by the Indian high tech workers, many of whom do not have the education and skills, and experience, and knowlege that their American high tech counter parts have to have before they are even considered for the jobs.
Where is the outcry about that?

Unchecked and unregulated capitalism leads to fraud. Whether it is Enron or Satyam. That is the truth (Satya). During the French revolution such Swindlers would be on the chopping block and now they just a slap on the wrist.

There are no enforced laws to regulate this sort of thing in India, because in India, bribing officials and making deals with corrupt businessmen and government officials is the rule of the day.
Honestly, while Brett Marsh’s comments brushed too broad of a stroke, he is absolutely right about this being the tip of the iceberg. When you live in a country where oversight is minimal, and corruption is the rule of the day, this sort of crime is far too easy and tempting to push aside.
Further, Indian CEO’s think of themselves as the cream of India’s crops, who are above the law and deserve special treatment from the Indian gov (which they get). These execs see themselves as being above the law, and now that this finding has come out, foreigners will be MUCH more careful about investing in India’s corrupt and falsified services industry.

Mr. Raju will be fine as will his company. IBM is in the lead to pick up the pieces and Mr. Raju reportedly exercised his stock options worth about $950 million pounds. Now the stockholders, that’s another story. But there again, that’s the good old unregulated capitalism that Limbaugh and Hannity decry as savior to the world’s problem’s, as exhibited by recent performance of GM, Chrysler, Wamu, Lehman Brothers, DHL, Citicorp, AIG, etc. etc.., and Brett Marsh, you’re an idiot.

I heard Brett Marsh did it with an indian guy…but the indian left him for a bigger homo. Brett Marsh had his heart broken and his butt broken, and is mad at all indians now

Brett Marsh and Angel..u and ur America suck..first go and change ur bloody America..then comment on other countries..these scandals are all over America..but wont cum out..it wil affect their image..all bloody black money..
u !@#$%^&*()..

I agree with Bret and Angel. Those that call them racist don’t have a clue what they are talking about. The racism is AGAINST every non-Indian race in America and is inflicted by companies like Satyam that have but one mission — to scam Americans to advance their race. They profit at the expense and exclusion of non-Indians.
They’ve successfully managed to take over major industries in the U.S. — healthcare (doctors, billing, insurance), banking, accounting services, universities, franchises, gas stations, customer service and the list goes on. They achieved all of this by fraud.
It is common for Indian outsource companies to fake books, fake degrees, fake skills on resumes, fake attempts to hire Americans. Complicit in the Indian outsource scam are the big businesses desiring higher CEO pay while reducing worker pay (slave wages).
Indian outsourcers have now deflated wages (which didn’t work out well for Satyam!) so low that few Americans can afford healthcare, mortgages/homes, cars, retail merchandise, gas, food. Indian outsourcers are also eating the costs for providing bad services and contract violations due to fraud exposure.
There would not be such a hot market for cheap labor if Congress would reduce the number of H1B visas issued. The H1B visa is a legalized system for committing racism against every race that makes up the American melting pot. Satyam is number 4 on the list of top Indian outsourcers making use of the H1B visa system in the U.S.

Brett Marsh and Angel you are ass lickers, go and lick each others ass.
You white fat ass are good for nothing.

Angel, I think you are a sore loser and couldn’t get into IT, always envy of who are in IT and now you see this and feel happy because IT folks are being affected.

why has indian govt so pro-actively tried to save a fraud company.. why is govt trying to save satyam by hook or crook when the whole world knows its a fraud and nothing to do with quality of indian IT services. 20 billion fund infusion from tax payers kitty… why is govt risking so much… of course the biggest advantage the indian govt has is that non of indian citizens have courage to raise voice against the govt… do read the url mentioned if you want to understand how your hard earned money is being mis-used by govt.

Read it and weep…. US money then they screw your JOBS Is Sue the only person in the US with a BRAIN
Thursday, January 15, 2009, 2:13pm EST
Myrick targets outsourcing for TARP companiesCharlotte Business Journal
U.S. Rep. Sue Myrick (R-N.C.) wants to prevent any company that receives federal bailout funds from outsourcing new customer-service or call-center jobs to a foreign-based company.
According to a press release from Myrick’s office, she is introducing an amendment that would bar such actions by companies that receive money under the Troubled Asset Relief Program.
“If companies benefit from significant taxpayer funding, they should make every effort to hire American workers,” Myrick says in the release. “I am not aware of any companies that have received funds that have entered into new contracts with foreign-based customer service centers, but I do know that our constituents have a great deal of skepticism about the program and how their money has been spent.”