Governments are too lenient on Satyam?

The way, the government of India and the Andhra Pradesh government is falling-over each other to save Satyam and the fraudsters is really surprising and pointing to involvement of bigger political players in the Rs.7000 Crore fraud. This seems to be only the beginning of more such frauds surfacing in the days to come. Wipro is already in line. The central government continues to subsidize state-owned oil companies incurring loss of thousands of Crore of ruppees to save them from bankruptcy. At this rate, the government will be printing currency notes and go itself “bankrupt” similar to USA, which went on printing dollars to finance the Iraq war and other commitments world-wide. The much appreciated capitalism is going down the drain just because some private players are misusing the system in connivance with the corrupt government and regulatory officials.

Tax payers expect the governments come down heavily on the so-called CEOs and guilty officials immediately so as to build-up the public and client’s confidence in the corporate governance.