Business Ethics of Satyam

BUSINESS ETHICS ASSIGNMENT 1 THE SATYAM CASE Saloni Sisodia, 2009107 09-07-2010 Confessing fraud in his letter to the board of Satyam, Satyam Computers founder and chairwoman B. Ramalinga Raju wrote:  It was like riding a tiger, not knowing how to reach off without being eaten. Raju did not exactly come from a poor family. After his father migrated to the state capital Hyderabad from his patrimonial village Garagaparru, he started buying land in the city. Raju was move to Ohio in the US to study business. He came back to encourage his father in the construction business. Raju grew the business, achieved great success, finally diversifying into textiles and regular softwareâ€"now he was firmly saddled on the tiger. Tax holidays and Indias outsourcing boom helped Satyam, that was started with 20 employees in 1987, to become Indias fourth largest outsourcer. Getting off the tiger direct in police custody, Raju is no fool.

Despite what he says, he surely knew how to tucker out off the tiger and save his life. He had already d unity what he had to doâ€"siphoning off millions of dollars into dozens of benami (secret) accounts. Says a report in The Outlook, the suspicion from day one has been that Raju probably owned up to inflating accounts as the punishment for this is importantly less than that for siphoning funds. The report claims that perhaps it was the sub-prime crisis and its indirect impact on the Indian real estate market that forced Raju to get off the tiger Clannish, feudal and also dynastic As many reports and investigations into his past tense reveal, Raju motiveed immense success and respect. With Satyams success, Ramalinga Raju started taking his status as an icon seriously, but was very unhappy that he wasnt spoken of in the same breath as Narayana Murthy (of Infosys) and Azim Premji (of Wipro). He... If you want to get a full essay, order it on our website: Orderessay

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