Satyam founder, Ramalinga Raju has admitted to being a liar and a cheat. His company name, Satyam means “truth”
Lying in public
He has admitted to falsifying the financial records of SATYAM a leading Indian publicly traded company. Ramalinga Raju, is not a slumdog millionaire but a man who took his family’s agricultural roots, and grew them into a successful conglomerate, most notably as a computer services offshore outsourcing powerhouse. Now Raju and his company are in the outsource outhouse. Ramalinga Raju was an Indian hero and has delivered The Mea Culpa – “what I did and why” to the Board of Directors.
- Frank Abrams is the founder of the zenPeak Inc. , helping companies find and retain peak performers.
Tags: accounting fraud, fraud, India, Satyam
