Comments on: Satyam – A big lie http://coffeewithsundar.com/satyam-a-big-lie/ Things I talk over Coffee... Sun, 20 May 2012 15:47:59 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: AM http://coffeewithsundar.com/satyam-a-big-lie/comment-page-1/#comment-8008 AM Wed, 14 Jan 2009 03:32:37 +0000 http://coffeewithsundar.com/satyam-a-big-lie/#comment-8008 I place most of the blame on 'reputed firm' Pricewaterhousecoopers. Everybody trusted PwC to do it's job. Committing a scam is one thing, those supposed to unravel it burying it instead is another. I place most of the blame on ‘reputed firm’ Pricewaterhousecoopers. Everybody trusted PwC to do it’s job. Committing a scam is one thing, those supposed to unravel it burying it instead is another.

]]> By: Varun http://coffeewithsundar.com/satyam-a-big-lie/comment-page-1/#comment-7650 Varun Sat, 10 Jan 2009 07:11:38 +0000 http://coffeewithsundar.com/satyam-a-big-lie/#comment-7650 I always thought when you cook up books, you will end up burning paper. Mr. Raju has been running the company for few years by that, which is a great fete.. Raju pazhaya paper kadai ya nadathinaru? (books lam cook panna) ;-).. hehe.. on a serious note: I suspect a lot more rotten companies will be unearthed when the books of companies are re-audited. I strongly believe Satyam is not the lone culprit here in the corporate world to have "cooked up" books. India needs strong audit laws like the Oxley Act in US <a href="http://en.wikipedia.org/wiki/Sarbanes-Oxley_Act" rel="nofollow"> Wiki link </a> I am quite sure that our political head doesn't have the will to make any acts like this anytime now, as they have to go begging with industrialists for money to run their Loksabha campaign. The next government might think about it only when another scam like this happens and things get exposed. Otherwise this whole saga will be buried to safety for other culprits to continue their fraud, as usual. God save India. I always thought when you cook up books, you will end up burning paper. Mr. Raju has been running the company for few years by that, which is a great fete.. Raju pazhaya paper kadai ya nadathinaru? (books lam cook panna) ;-) .. hehe..

on a serious note:
I suspect a lot more rotten companies will be unearthed when the books of companies are re-audited. I strongly believe Satyam is not the lone culprit here in the corporate world to have “cooked up” books.

India needs strong audit laws like the Oxley Act in US Wiki link

I am quite sure that our political head doesn’t have the will to make any acts like this anytime now, as they have to go begging with industrialists for money to run their Loksabha campaign. The next government might think about it only when another scam like this happens and things get exposed. Otherwise this whole saga will be buried to safety for other culprits to continue their fraud, as usual. God save India.

]]> By: Sankara Rameswaran http://coffeewithsundar.com/satyam-a-big-lie/comment-page-1/#comment-7571 Sankara Rameswaran Fri, 09 Jan 2009 05:43:38 +0000 http://coffeewithsundar.com/satyam-a-big-lie/#comment-7571 Great post. You hit the nail on its head. Ethics is what is eroding. Great post. You hit the nail on its head. Ethics is what is eroding.

]]> By: illias http://coffeewithsundar.com/satyam-a-big-lie/comment-page-1/#comment-7565 illias Fri, 09 Jan 2009 03:37:11 +0000 http://coffeewithsundar.com/satyam-a-big-lie/#comment-7565 It is really satyam!! It is really satyam!!

]]> By: divesh http://coffeewithsundar.com/satyam-a-big-lie/comment-page-1/#comment-7539 divesh Thu, 08 Jan 2009 21:19:32 +0000 http://coffeewithsundar.com/satyam-a-big-lie/#comment-7539 its sad but the only good thing is that at least maytas didn't swap there assets for the fictitious accounts its sad but the only good thing is that at least maytas didn’t swap there assets for the fictitious accounts

]]> By: divesh http://coffeewithsundar.com/satyam-a-big-lie/comment-page-1/#comment-7538 divesh Thu, 08 Jan 2009 21:16:09 +0000 http://coffeewithsundar.com/satyam-a-big-lie/#comment-7538 yeah its too sad, but the good thing is that at least maytas escaped swapping there assets for the fictitious accounts... yeah its too sad, but the good thing is that at least maytas escaped swapping there assets for the fictitious accounts…

]]> By: Harsha http://coffeewithsundar.com/satyam-a-big-lie/comment-page-1/#comment-7537 Harsha Thu, 08 Jan 2009 19:11:57 +0000 http://coffeewithsundar.com/satyam-a-big-lie/#comment-7537 Hopefully u dont hold any shares with google !! :P Hopefully u dont hold any shares with google !! :P

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