Dear Mr Ramalinga Raju
( Former Chairman Satyam )
I have been closely following the events happening at Satyam over the past few days. I am writing this letter not to support you or to swear at you. I would have definitely sweared at you had I been one among the half a million shareholders or one of the poor 53000 ( hopefully this number is correct) employees.
I have completed my CA and understand what it takes to bring up a business to the level you have brought from scratch over the past 20 years. I am sure you would have faced so many hurdles in making Satyam one of India’s most wanted companies. I still remember having seen the joy on one of my friends face when he got placed in Satyam, Chennai. It was as though he had conquered the world. That was the kind of respect and opinion people had about your former baby till that dreadful morning of Jan 7th. Few weeks back I had started on the journey of studying the lives of successful Indian entrepreneurs and the third study I made was about you Mr Raju ( after Mr Dirubahai Ambani and Mr Narayana Murthy ). I admire people who have believed in themselves and turned around themselves and the world around them. I admired you Mr Raju. I know you come from a village with a humble background .I need not glorify what all you have done. The numerous awards you have won over the years stand testimony for that sir.I also appreciate your philanthropic work of Byrraju Foundation . Well done to have come up this far Raju..
Greed is the mother of all misfortunes in life Mr Raju. What else did you need in lIfe. You were one of the most powerful man in this world . What did you not have in life Mr Raju to have done something like what you did. The tips that you would have paid your chauffer might have been more than my salary. Why did u want more. See the impact of your letter Raju. India is shocked. The image of the country has gone for a beating. Can you restore it. The money of investors has gone down the drain and may be with that , their peace and also their family happiness . Can you give them back that ?? There are 53000 people who trusted you . They are young IT professionals whose careers are hanging in the hands of fate. Can you resurrect their careers ?? Then there are customers, suppliers, bankers, and a host of such people. In some way or other all these sections are shattered and broken with this act of yours. What are you going to do for them now.
Do you know the pain I had when I went through the letter you had written. My friend sitting besides is a shareholder and all that he told me was- “ I have lost 25,000 rs in 10 minutes”. This might not be a big sum for you Mr Raju. But definitely it is our hard earned savings Sir.
I have one last question for you Mr Raju – By this act of yours , WHO IS BENEFITED ? ?. You ??? No,. You are going to spend rest of your life in some jail. Your family ?? No. Can your wife and children be happy without having you around. The shareholders , employees and others connected with Satyam – No. It will take a long time for all of them to get their smiles back. Then why the hell you did this Raju.
I am deeply saddened , hurt and ashamed by your act. I am echoing the sentiments of the entire country.
Good luck for your day and night interrogation sessions.
( Former Chairman Satyam )
I have been closely following the events happening at Satyam over the past few days. I am writing this letter not to support you or to swear at you. I would have definitely sweared at you had I been one among the half a million shareholders or one of the poor 53000 ( hopefully this number is correct) employees.
I have completed my CA and understand what it takes to bring up a business to the level you have brought from scratch over the past 20 years. I am sure you would have faced so many hurdles in making Satyam one of India’s most wanted companies. I still remember having seen the joy on one of my friends face when he got placed in Satyam, Chennai. It was as though he had conquered the world. That was the kind of respect and opinion people had about your former baby till that dreadful morning of Jan 7th. Few weeks back I had started on the journey of studying the lives of successful Indian entrepreneurs and the third study I made was about you Mr Raju ( after Mr Dirubahai Ambani and Mr Narayana Murthy ). I admire people who have believed in themselves and turned around themselves and the world around them. I admired you Mr Raju. I know you come from a village with a humble background .I need not glorify what all you have done. The numerous awards you have won over the years stand testimony for that sir.I also appreciate your philanthropic work of Byrraju Foundation . Well done to have come up this far Raju..
Greed is the mother of all misfortunes in life Mr Raju. What else did you need in lIfe. You were one of the most powerful man in this world . What did you not have in life Mr Raju to have done something like what you did. The tips that you would have paid your chauffer might have been more than my salary. Why did u want more. See the impact of your letter Raju. India is shocked. The image of the country has gone for a beating. Can you restore it. The money of investors has gone down the drain and may be with that , their peace and also their family happiness . Can you give them back that ?? There are 53000 people who trusted you . They are young IT professionals whose careers are hanging in the hands of fate. Can you resurrect their careers ?? Then there are customers, suppliers, bankers, and a host of such people. In some way or other all these sections are shattered and broken with this act of yours. What are you going to do for them now.
Do you know the pain I had when I went through the letter you had written. My friend sitting besides is a shareholder and all that he told me was- “ I have lost 25,000 rs in 10 minutes”. This might not be a big sum for you Mr Raju. But definitely it is our hard earned savings Sir.
I have one last question for you Mr Raju – By this act of yours , WHO IS BENEFITED ? ?. You ??? No,. You are going to spend rest of your life in some jail. Your family ?? No. Can your wife and children be happy without having you around. The shareholders , employees and others connected with Satyam – No. It will take a long time for all of them to get their smiles back. Then why the hell you did this Raju.
I am deeply saddened , hurt and ashamed by your act. I am echoing the sentiments of the entire country.
Good luck for your day and night interrogation sessions.
