After hearing the news of B. Ramalinga Raju's resignation from Satyam Chairman and accepting his fraudulant activities to overstate the cash which is virtually non-existent cash, I had 2 thoughts in my mind, all of sudden.
The general public (investors) who had bought the Satyam Stocks earlier. Their hard-earned money has been almost lost in front of them as they witness themselves "helpless" to this situation.
Thinking about the lot of other companies (not neccessarily IT companies only) which could also fall just like this if not operated with strict aherence to company law/auditing regulations/compliance etc. One of the huge indian private bank also came to my mind for a second which I do NOT like to happen something like this crisis. Hope the best, leave the rest:-)
Good nite!
