Unless Lord Balaji of Tirupati decides to perform one of his miracle acts, it seems like the end of the road of Indian IT services provider Â Satyam Computer Services, at least in its present form.
The Satyam brand is tarnished beyond recovery. The Satyam name is mud today after disclosures of massive fraud at the company for several years.
U.S. companies as well as those in other parts of the world who entrust their IT services work to Satyam are unlikely to farm out contracts to a company that has confessed to committing fraud for several years.
Of course, a massive banyan tree never collapses immediately. It’s going to take a while but Satyam will find it extremely difficult to recover from this self-inflicted disaster.
The big question now is what happens to the 53,000 workers employed at Satyam.
Satyam gets 3 New Directors
Indian Outsourcing Crook Ramalinga Raju Arrested
Satyam Board Kicked Out, Hooray
Ram Mynampati Vows to Stay at Satyam; Kick Him Out
Trading in Satyam Still Halted on NYSE
We are Big Time Crooks, Confesses Satyam
Satyam Makes Another Big Mistake – Names Insider Ram Mynampati Interim CEO
Crook Raju Wipes Out Rs 10,000 Crore in Market Cap
Satyam Fraud – The Perils of Outsourcing
53,000 Satyam Coolies Up Shit Creek; Massive Layoffs Likely
Satyam Chairman Ramalinga Rajuâ€™s Arrest Imminent
Satyam Shares Crash After Massive Fraud Revealed
Are Infosys, Wipro & Mindtree Crooks Too?
Satyam Fraud – Is Nasscom Sleeping?
After the Shit Hits the Fan, Satyam Kisses Employees Ass
What the Hell is Really Happening at Satyam?
Investors To Satyam Raju – Drop Dead
Satyam Computer Screwed in Forgery Case