Sathya Sai Fails To Save Satyam


Date: January 14, 2009

By: Exbaba Admin


Sathya Sai Fails To Save Satyam
Posted by Barry Pittard on January 14, 2009.  Permalink:
"The massive Satyam corruption scandal engulfs India in a sad and chilling way somewhat remindful of WorldCom, Parmalat, and Enron.

Sad, for example, because of the tens of thousands of talented workers whose future is under heavy cloud, and chilling because it reveals but a small part of the disordered “backyard” that Sathya Sai Baba famously said he would first “clean up” before transforming the rest of the world prior to quitting it circa AD 2022. And, again sadly, because such scandals can also obscure many instances of probity and quality of service.
Note:  In Sanskrit, Satyam and Satya (or Sathya) mean:  Truth".
India Now In Glare Of World Scrutiny
"India’s many corrupt political and other leaders from across a broad political spectrum – the same figures who for decades have been complicit in the massive cover up of Sathya Sai Baba-related scandals – are now under intense world focus".
Will India’s Strengths Overcome Repute For Endemic Corruption?
"The scandal "comes at a time of global financial upheaval, and recent terrorist attacks in Mumbai, India. See article: Hasty Cover Up Of Sai Baba ‘No bombs in India’ Blunder. Posted by Barry Pittard on December 7, 2008". Permalink:

Some Saving Graces For India?
"The prestige issue here is that international client satisfaction has been the yardstick, and not the say-so of India’s spin doctors".
Status of Indian Corporate Governance Gravely In Question
"Huge questions are raised about corporate governance in India, including in Andhra Pradesh where the Chief Minister Y. S. Rajasekhara Reddy is a notable supporter of Sathya Sai Baba, and complicit in the profound Puttaparthi and local, state and central government cover up of the many scandals involving Sathya Sai Baba and his core officials".
Extracted from BBC WORLD NEWS summaries of some major media reactions
Further News Sources
TAGS:  Accountability, Transparency, Due Diligence, Y S Rajasekhara Reddy, N. Chandrababu Naidu, Satyam, Satyam Computer Services, Maytas, WorldCom, Parmalat, Enron, Fortune 500, transparency, due diligence, B. Ramalinga Raju, Andhra Pradesh, CNN, Vadlamani Srinivas, Corruption, Tata Consultancy Services (TCS), Infosys, Wipro, cover up, B. Rama Raju