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<p align="center"><span style="font-size: 8pt">FRAUD: Ramalinga Raju</span></p></td></tr></tbody></table>The arrest of Ramalinga Raju, chairperson of Satyam Computers, is not the solution to the crisis that India's IT sector may face in days to come. Raju single- handedly could not have conduct the fraud of more than Rs 7,000 crore.<br />u00a0u00a0u00a0u00a0u00a0u00a0u00a0<br />Andhra Pradesh Chief Minister Y S Rajasekhara Reddy has taken a wise decision by urging the Centre to send a team to take stock of the situation and also run the company that employs 53,000 people. While Raju's arrest is inevitable, it's important to protect the interests of Satyam employees.<br />u00a0u00a0u00a0 <br />The board of directors of Satyam and the auditors should also be grilled and the involvement of RBI, SEBI and other regulating agencies in the investigation is vital. <br /><br />The fall of Satyam is extremely unfortunate for the Indian IT sector. But a fraud of such magnitude cannot be done without the knowledge of the management of the company, the auditors and even major shareholders.<br />u00a0<br />A transparent investigation isu00a0 necessary to bring out the truth, as the future of the company and its 53,000 employees is in the doldrums. <br /><br />The government should investigate this case seriously and punish the culprits immediately.</p>

Arresting Raju is not the solution

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Home / News / Opinion / Article / Arresting Raju is not the solution

Arresting Raju is not the solution

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