"Satyam Crashed.....Investors Fooled/Tricked!", the head line read! "The Person Behind All The Satyam Turmoil Arrested!”, stated another media arm! "The Man Behind Satyam Fraud Detained!", crooned another one! But, he was surprised when he READ NOTHING about SIVAM & SUNDARAM! He didn’t understand why in "the very Indian SATYAM (Truth!), SIVAM (Sublime!), SUNDARAM (Beautiful!)", only the one in SATYAM is accused of, day & night, grave misdoings!! He asked, "Was only the person in SATYAM bad, not those in SIVAM & SUNDARAM?!" And, he also learned from the news papers & channels that the antonym of Satyam is Maytas and NOT ASATYAM (Untruth!)! He was really surprised!
After a very vigorous Witch Hunt the Authorities got ONLY the Satyam Man in their net; no one else in this entire universe is in any way related to the fraud & in no other company anything like the Satyam Thing is happening, they found out!!For the last eight or so years Satyam has been cheating all, doing WHAT IS NOT TO BE DONE with the books of the company, that is what came out, all of a sudden, all over the places! Over night, one of the icons of IT Industry turned villain; the one every one tried to emulate turned not worth emulation! His name too became taboo! And, that too in the speed of thought! Everybody, who till the previous day slept over the CRIMES THE SATYAM GUY HAD BEEN COMMITTING woke up all of a sudden, and started criticising everything he did from his date of birth! Those persons, who eulogised him incessantly for his perseverance, vision, dedication, trustworthiness, efficiency and above all his capacity to build an iconic company such as Satyam from the scrap, all of a sudden vanished into thin air & from that thin air came demons of criticism & ill wishers & all! And, then, as the days withered, came analyses, discussions, reports, detailed stories & truck loads of things about the things happened & happening in Satyam!
All those evil things were done by a single man, media trumpeted! Giving statistics, as usual, they elaborated on how many crores of Indian rupees got evaporated and how many would lose their jobs, all due to this trickster's game! No body was bothered to think & inform people that A Single Person Can Not Do All These Things Singlehandedly, and that too this long! Then, after a couple of weeks, came in a name PWc or Price Waterhousecoopers, an American MNC, which was there with Satyam all these eight years as Auditors! That is, it this MNC which has audited & presented Satyam Books for the last eight years or so; and, without the full knowledge and cooperation of PWc, nothing could have reached this stage of Total Destruction! Hence, one should know that this MNC PWc , at the least, equally qualify for whatever guilt & all is showered on Satyam! Or else, we can say that if PWc had done their job, the Satyam Tragedy could have been averted; that means, PWc is the criminal behind the Satyam debacle and we cannot blame it on the person who built Satyam!
What he did is whatever one will do in an act of distress; what he did is what one will do if one's calculations go astray, in a very wild fashion! And, as we all know & are taught "Its Human To Err!" He did & executed his calculations successfully for a very long time; and one day he got all of them wrong & got entangled in the net he himself has created; then, started the struggle to survive-the survival of the fittest etc.! Whatever there was in his capacity he did, thinking one day all his problems would be solved by his calculations, as he had done a million times before! But, all his efforts came to a naught; he got caught in the act before his sharp calculations could have saved him his blushes! All these things would be for him Strictly Personal, as he must have considered his Satyam as his personal property, as it was he who created this iconic company and it was he who breathed life breath into it and nurtured it into what it is in the present, SINGLE HANDEDLY! Hence, what he had done with the company should have been something like his personal choice of going for a luxurious lunch instead of a diet meal! Everything related to the company must have been something of a personal asset for him or he should have considered so! Hence, the mistake or the blunder he committed would have been some sort of a personal error for him & what he would have done is nothing more than fixing the personal error he has committed.............nothing more than that! Any human being will do the same in personal things or "considered personal things!"
The entity to be blamed here thoroughly is PWc, who audited Satyam for eight long years "without knowing" the misdeeds done by the founder! How come such an MNC like PWc fall into the ditch of inefficiency, unprofessional inexactitude and dereliction of duty and stay there unmoved, for the last eight years? How come all these years they simply gulped down whatever is dished out to them by the Satyam Man? How come the other regulatory instruments like SEBI etc. never found anything fishy in Satyam all these Long Eight Years?! In every system, it is/should be the regulators who make the going good, smooth & efficient! If they fail miserably & continuously, it is no man's fault that the loop holes get exploited! And, we can not say if the loop holes are loop holes or not until someone says so or proves so! Hence, the regulatory mechanism in place SHOULD take the responsibility for the Satyam Crash, for, if it had done its duty correctly & efficiently the Satyam incident should not have taken place, in the first place! The auditors PWc should not be allowed to escape the main responsibility of this happening & their licence should be revoked, world over, that such things won’t happen again. They should not be allowed to go scot free, as most probably is going to happen, with the sacrifice of a couple of scape goats at the altar of Justice, as they are immune to all the punishments, due to their American Tag!
Now, only Satyam is seen in extremely bad light! All the other things & companies under the thin surface of existing system look too gentle, calm, great and justice & truth personified! What we SHOULD ask is "CAN/WILL IT BE?!" Satyam stands alone, in the present, aloof & tarnished among all the GOOD & GENTLE GUYs! What all happened in the Licence Raj of Yester Years & How Government Changes Impacted the Companies in those days and how business families celebrated “their party's elevation to the power at the centre” & how they "LEGALLY utilised Their Central Governments" are no more secrets! And, What Morally & Ethically Straight & Lawful things were done to develop & improve business & companies in that era is no more in the classified territory! And, we know, How Many Of The Titans of Today's Indian Industry Legally Fought Many A Battle With Their Rivals, with the backing of “Their Governments at the Centre” & How These Titans Came into Existence & Became Titans! We even have films exclusively dedicated to those "Legally, Morally & Ethically Sound Industrial Wars of Yore!" And, we know, excluding the present day IT Giants, all the present giants of business were participants of those "Great Ethical and Legally & Morally Sound Battles!" We are forced to remember P. B. Shelly, as "If Stupid, Inefficient & Gullible Regulators Are Here, Can Fraud Be Far Behind?!", echoes in the Heavens! Let us, for the time being, pretend that it is only SATYAM that is tainted, not SIVAM & SUNDARAM!
