Scandal

The Satyam episode is over, and well too. The government and the populace couldn’t have hoped for a better ending, with the farce of needing to ‘nationalize’ Satyam if no bidder other than some carcass eating Private Equity funds turned up to take it over thankfully avoided. Barring some class action lawsuits or some past acquisitions that Satyam made blowing up on Tech Mahindra, Satyam has moved away from the front pages – except for when we hear about Raju’s sentence. And the pace of our judicial process ensures that the Ramalinga Raju episode will drag on for much longer. It also seems that the government appointed directors are on their way out after doing a sterling job.

So, as good a time for the second and final part of the post-mortem. […]

So what happened at Satyam? This will be a two part series trying to bring in some perspective – now that the big picture has by and large emerged and the media cacophony has died down, its a good time to try to make some sense out of the sordid Satyam scandal. Rather than the chronology of events, looking at the people who played the lead roles in the plot perhaps more enlightening and indeed, more interesting. […]