'SATYAM'Eva Jayade:

"Satyameva Jayade" (Truth Alone Triumphs) the popular sanskrit saying or called "Vaaymaiye Vellum" in tamil applies well to Satyam Computer Services. The proverb says that truth will be one day out of the box. Yes its the same here too. Its too out, but what is surprising is that the truth is direct from the mouth of the beguiler. The company had been in the alarm radar of investors and clients since it tried to acquire its own subsidiaries. Once the company withdrew the deal proposed to acquire them on the New year eve, the company lost its value in the stock market. The prices soared. The confession of the CEO, just dismayed and shocked everyone. Even I cant believe my ears. How can a top notch management person can hold this truth without the knowledge of his colleagues for years. Seven years of Fraudulent activities like forging of accounts that amount to 7000 crores, A huge account that made this crime to be dealt with the Serious Fraud Investigation department. The confession really made the stocks to lose more than 75% of its then current value. The promoters and stock holders sold the stocks even at that meager value. The liquified stocks, Forged accounts, Self motive all were not expected to be done by a person leading the 4th largest Software company of India, which has 182 of the Fortune500 companies as clients. This have indeed affected the already financial crisis struck Software industry, and have also reduced the HR minings and also laid a great question mark on the financial statements released by companies every quarter.