Jan
8
Stabbed in the Back
January 8, 2009 | 2 Comments
Scandalous.
That’s one word to describe Ramalingam Raju, the chairman of India’s 3rd largest IT outsourcing company Satyam Computer Services, and his recent confession of ballooning the company’s September revenues by 76 percent, its profits by 97 percent and doctoring the balance sheets to reflect a false USD 1 billion in company assets.
Aside from apparently rocking the core of Indian business and economics, what does Ramalingam Raju’s recent activities could mean for IT outsourcing, outsourcing in general not only for India but for all?