2009 Poll Prospects And Alignments-2

[ramana]

<!--QuoteBegin-Swamy G+Jan 9 2009, 04:03 AM-->QUOTE(Swamy G @ Jan 9 2009, 04:03 AM)<!--QuoteEBegin-->Ramana garu: Are you saying Raju is at no fault, and that he did not commit any fraud? It is so amusing to read his resignation letter where he says none of the other top guys know anything about the inflated numbers. It is not that somebody stole or misrepresented Rs.7.00, it is Rs7,000 crore; surely an entire army of people would have been involved.
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No. he is at fault. But for him to take all the blame on himself. He is no Lord Shiva to swallow the halahal. he is covering for someone. Don't know who? Could be INC or CBN.

I heard a lot of black money was pumped into Satyam to keep it up as safe haven. Now its all vanished.

This is like the Lehman Bros vanishing while controlling the $60T Credit Default Swaps. It could have similar impact on Indian business houses.

Folks should search high and low to find any scrap of info to understand what happened. At risk is the political system in India for it feeds on black money.

Unfortunately Hyderabad has only one rag- Deccan Chronicle and its YSR supporter. So need to look at Telugu papers.