Ramalinga Raju is 4th in Forbes CEO - Hall of Shame 2009
Forbes has put the ex. Satyam top boss - Mr. Ramalinga Raju at #4 in the hall of shame.
Quoted from forbes -
B. Ramalinga Raju (No. 4) was living in his own fantasy world. The founder of the Indian outsourcing company #-Link-Snipped-# ( #-Link-Snipped-# - #-Link-Snipped-# - #-Link-Snipped-#), he confessed in January to overstating Satyam's profits over several years and creating a fictitious cash balance of more than $1 billion. He invented more than 10,000 fictitious employees to help him steal money from the company, and he used his mother's name to buy land with the proceeds. He confessed, but has yet to face charges in court.
Quoted from forbes -
B. Ramalinga Raju (No. 4) was living in his own fantasy world. The founder of the Indian outsourcing company #-Link-Snipped-# ( #-Link-Snipped-# - #-Link-Snipped-# - #-Link-Snipped-#), he confessed in January to overstating Satyam's profits over several years and creating a fictitious cash balance of more than $1 billion. He invented more than 10,000 fictitious employees to help him steal money from the company, and he used his mother's name to buy land with the proceeds. He confessed, but has yet to face charges in court.
Replies
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sarveshguptaWas really a bad thing in Indian corporate history
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Mr.DonShows why India is 1st in Black Money and 1st in having more poor people and yet to be a developed Nation.
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sarveshgupta@dileep: What do you mean by that?
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yadavundertaker mohiti don't think that due to this satyam scandal we are a poor country...we are working hard and our country is progressing at a good rate..may be in few years we will be a developed country ....
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Mr.DonWell I mean so far..it's been full of corruption
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Mr.DonRamlinga raju is only an example,I must say because of not only him there are many politicians and other higher officials who is also responsible for everything.
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Mr.DonPardon me if i am wrong CEans because it was only my views.
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yadavundertaker mohitINDIA is not a poor country INDIA is a rich country with large number of poor people ..
may be the main reason of the poverty in the country is the use of traditional techniques in agriculture..and we are not using our resources properly.... -
vishnu priya
If these kind of people had not been there then India would have been a developed nation by now!dileep kShows why India is 1st in Black Money and 1st in having more poor people and yet to be a developed Nation. -
sarveshguptayou are right vishnupriya but still the immense power India holds currently is unmatched
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