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The financial wrongdoing - Satyam

The news of Ramalingam Raju confessing fraud and submitting resignation sends in shock waves to many. Here is a man who suddenly wakes up to his consciecne and admits to manipulating the balance sheet. It leaves me wondering as to how something of this sort can be covered up for a long time now and the Satyam board is clueless.
A brand that was respected so much over the years ; the company that contributed to the economy , a brand which Satyam employees were proud of serving .... and one fine morning goes topsy turvy leaving behind a big debate on corporate governance.Will this development shake the confidence and trust levels in IT industry? A topic to debate....

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