MAYTAS Infra has been declared as loss-making and the Raju's have virtually lost the hold over the company. The wheels of destiny have come full circle for Ramalinga Raju. Whether he is punished by law or not, nature has taught Raju lessons the hard way.
Satyameva Jayate... true.
But it is a fact that it took a recession and a fall in land prices, to trigger the avalanche in Satyam, for the truth to come out.
What lessons have we as a society learnt from this episode? What lessons has the regulatory body and the government learnt from this? What are we doing to avoid future Satyams from happening?
Are we sure, Satyam is the only company that has indulged in this practice? If we are not, then are we awaiting truth to prevail according to its own convenient time for other Satyams or are we waiting for another recession to throw the skeletons out of the other cupboards?The regulatory body needs to learn a lot from this.
The faulty system has shown how ill it is. Satyam was a symptom of a larger malaise. Where we take the issue from here, depends upon us.
Raju's of the world would want to create another Satyam. Its our job to not let them do it.