Friday, February 6, 2009

Satyam Computer Services Limited, The biggest IT Scam...

Hiiiiii,

Satyam is in news since past two months for making itself the India's biggest scam.. Raju, the founder of Satyam has confessed in his resignation letter that he was preparing to make it the biggest scam for many years and he did it all of a sudden.. He gave "Zor ka jhataka zor se" !!!

Do you think he is the only person who did it. I can't even think only one man can do such a big scam by cooking the books, buying the lands, selling the stockes etc...
The entire board has been involved in this and we don't know why Raju is hiding all and taking the blame on himself.. May be he is trying to save his family members as well because I am sure his sons are also involved in that and that is why the Satyam's money was going in 'Maytas' which is just opposite to 'Satyam'.. It might be possible his sons and others have encouraged Raju to make profits like that and he wanted to cover all things by Maytas deal.. If Maytas deal would have been done then everything would have been gone in background because then nobody would have come to know about the money and fake books etc etc...

Let's talk about the employees... Being a Satyam employee I must say its a biggest shock to its employees rather than to Indian IT and all.. We could not even think of anything for at least one week after Raju's confession.. I am allocated at Client's location through my company Satyam so almost 4 to 5 times in a week we had meetings like what is going on with the salary, acuisition, shares, CEO and so on.. We have been told always just concentrate on your work so the clients will not lose their faith and it happened. Our Clients are still with us and not willing to withdraw their projects.
I am a positive thinking person and I used to tell my colleagues also please don't scare and worry about our job and salary. We will get the salary on time and it happened not only the salary but also the medical, Insurance reimbursment and all things paid on time..

I can say Satyam has 650+ clients and out of that almost 200 are fortune 500 clients. You can think about it's huge business that is why many companies keen to acquire the Satyam but the acquisition takes at least 6 months for all processing so lets wait and watch.. Satyam has a big potential in terms of business and a good talent as well.. It has been accepted by all IT companies and they are willing to hire Satyam employees as well because their talent and hard work. I am sure Satyam will come soon on the track and the road ahead will be the same like it was earlier before its scam and all.. The Media also making the fuss of such small things in terms of salary, number of employees and all.. I don't say the board has not done anything but not like the media is coming out with issues..

I am not supporting Rajus at all but trying to be with Satyam which has given employment to a big population of our country. I request you to spare some time give your points and comments which will help me to think about my career ahead as well as optimisation towards the Satyam..


Thanks....

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