Treat Raju better, it ain't just Satyam

Agreed, Ramalinga Raju fudged the books, but that doesn't mean he should get bracketed with hardened criminals. I am not the legal expert here, but shouldn't Raju be treated differently from the criminals with whom he was lodged after being taken into custody?

For Pete's sake, the man did build a business enterprise that created value for stakeholders. Sure, that value is eroding, but that's no reason to treat him at par with criminals awaiting trial in cases like rape and murder.

And just so we don't get carried away, corporate governance issues don't just stop at Satyam. Instead, they bring to focus the kind of practices that most Indian businesses engage in. Take the case of real estate companies in India. Senior board directors of over six top real estate companies have quit in the recent past, prompting speculation that suspect accounting policies employed in the Indian real estate sector could be the main reason for such exits. During the past few months, directors and senior executives of large firms such as Omaxe, Puravankara Projects, Kolte Patil, Akruti City, Parsvnath, BPTP and Ansal Properties have resigned.

Comments

Kailash said…
Sir, I do agree that he should be treated accordingly and for sure god sake not be compared with Murderers and rapist as he build a legend organization, However would like to gain your view on his punishment - Shouldnt he be punished for fudging the documents and playing with the Faith that the Stakeholders lay on him?
Kailash said…
Well - If the same would have been commited in US - The Punishment would be Ages - Probably 100 Years Wouldnt we have Accepted that. Why do emotions play a role here in India? Request your view on the same.
SKS said…
Sorry Kailash...If it is same in US...Madoff was released for his bigger fraud....it is not the case with business fraud...it is the case with other criminal activities where the US is the best...Raju should have be treated better, you all loved him when he made Indian economy and prestige to top not though higher percentage but at least a more percentage that hid did...now he had done business fraud that every business in India or any other country do and does and will be doing...

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