Ramalinga Raju’s new Fraud

The Satyam Fraudulent Ramalinga Raju, is now under Police Custody.Yesterday the Public Prosecutor pledged before the judge that Raju involved in several frauds and requested for one more day police custody.It has been said the Raju has inflated the number of employees in Satyam.It has been shown that there were 53000 employees in Satyam.But actually the number of employees in Satyam were 40000 only.So for 13000 fake employees, the salary was being credited.The inflatedĀ  figures are going high and the satyam issue is getting serious.Many things might be revealed in this custody.

Raju, is the cause for the anxiety that prevails in current market.Satyam is still searching for its new CEO and no one yet confirmed.Satyam ,the fourth largest IT exporter in India is down and down.The big question is,what about the employees working in Satyam?Can they find some other jobs outside?


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