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Showing posts with label Satyam. Show all posts
Showing posts with label Satyam. Show all posts

Tuesday, February 10, 2015

Sacrificing The Indian Businessmen!

What’s happening to the SELECTED (By ‘Whom?’ has ‘ALWAYS’ been the question?) business people of India?  From what one sees in the matter of the Sahara Group chairman Subrata Roy (Subrata can be EXPLAINED SU+ BRATA i.e. Good Brother!), the mess pool he ‘has been’ pushed into, the suffering he has been going through, all these months, have all been crying out for answers for the question we have asked in the opening of this paragraph!

He has been languishing in the Tihar jail for almost 1 year now on contempt of court charges & it seems that there seems to be no light at the end of the SPECIALLY CREATED TUNNEL (SCT!) for him! It is amazing to see that, every day, the tunnel is getting longer & longer and the light is running far away from the Sahara chief! It seems that the Sahara chief is without any sahara (Help!) or he has become ‘besahara’ (Beleaguered or helpless in English!) , for some time now!

The Supreme Court of India has asked him to deposit a very ‘small’ amount $1.6 billion (That is more than 10000 crores of Indian rupees!) to get the bail which he has been trying hard to raise, all these months, in vain! The central government seems to be in eternal slumber from which it doesn’t want to wake up, as far as the Sahara chief is concerned! So is the Bengal government of Mamata Banarjee which itself is battling the do or die battle with the CBI & company over the Saradha scandal!

Almost after 1 year in Tihar jail when Subrata was trying hard to raise the amount to pay out the bail, every hammer in the country is struck on his head, one after another, in a wonderful rhythmic symphony! One after another, SEBI, CBI, Enforcement Directorate (ED, which has been assessing & re assessing the amount Sahara is ‘supposed’ to have paid back to its customers & others a couple of times to have a last announced sum which ‘IS’ almost 10000 crores ‘LESS’ than what it assessed first & another couple of times!) & others have been hunting the Sahara chief, at times, simultaneously & sometimes, one after another with the PREVIOUSLY NEVER SEEN regularity that Subrata NEVER gets any respite, EVEN in his sleep in Tihar, AS SOMEBODY WANTED IT!!

Even one has, at the least, a little bit of data on ‘SOME’ of the business people of India who were ‘Sacrificed’ @ the altar of Indian business in the name of Business Ethics, Business Law, Business Fairness, Business Justice and whatever, ONE SURELY SEES SOMETHING ‘FISHY’ in the Sahara Case & its unfolding!

Over the decades, in the Indian business circles, it’s been like someone deciding some other one’s fate, just because the first one disliked the second one because he doesn’t like the competition he has been giving OR the loss to the first man’s group the second man is creating due to the ‘market fight’ OR the monopoly the first one gets if the second one is ‘REMOVED’ OR the first one has an interest in the second one’s assets or ‘SIMPLY’ the first one doesn’t like the second one etc!

Whenever the first one planned – the first one ‘ALWAYS’ remains invisible is a fact! – the ‘SACRIFICE’ he ‘ALWAYS’ takes assistance from those who are there in the ‘MARKET’ (One can call them ‘Market Rowdies & Market Goondas -MRs OR MGs- Use of whom is ‘legal’ in BUSINESS MEN SACRIFICEBMS!), for a price, that too for good silver! Whenever he planned the sacrifice he ALWAYS planned it so efficiently that the second one ALWAYS stayed in whatever he prepared with the help of the ‘MARKET MEN’ – Or MRs & MGs!-for a very long time, if possible to the last days of his life!

One comes to have the first clear hints out of ‘THESE WELL PLANNED SACRIFICES’ with the ‘SUDDEN’ death of the Biscuit tycoon Rajan Pillai in the central prison, decades back! Before that, in the times of the License Raj, one gets ‘SOME’ ideas out of the fights between the Father Ambani & his long ago defeated enemies! But, with Rajan Pillai, people started to get some wind of the REAL happenings & of course, Planned SACRIFICES (PS!) in the business circles!

What Harshad Mehta did in the early 90s with the stock markets was considered & propagated as SO SHOCKING that he was put behind the bars, from where he NEVER came out, alive! What no one in those days –And, EVEN now!- TRIED TO UNDERSTAND was that he was SACRIFICED for using & utilising ‘WHAT WAS SURELY & TRULY POSSIBLE’ without any illegality!

He speculated with the money which was ‘NOT’ there was THE CLEAR SIGN OF INGENUITY & made the BSE skyrocket was NOTHING SHORT OF MIRCULOUS! He used the method ‘ONLY’ because there was THE CHANCE to make use of it & he was so intelligent to find out that option which EVEN the Olden Days Toothless Tiger (ODTT!) SEBI never dreamed up, in its wildest dreams! He was incarcerated & later sacrificed Tweaking the law that existed then with the ‘EXPLANATIONS’ OF LAW
which arrived much after HIS INGENUITY We, now a days, call them Hindsight Laws (HSLs – Which can be ‘CREATED’ – Creation, most of the times, by the simple means of EXPLAINING an already existing law in such a TwiSTeD way!- whenever & wherever CERTAIN OBJECTS & OBJECTIVES ARE TO BE ACHIEVED !) - & its sharp & precise execution!

What we have ‘ALWAYS MISSED’ is that as all the great men are, he too was much ahead of his times, finding out the useful gap of 2-3 weeks of time when the promissory notes of one bank to the other CAN BE USED FRUITFULLY! In the present world where Certain BIG Countries & Billionaires (CBCBs!) ‘EVEN’ destroy countries & economies by undercutting them by ‘whatever means’ they think appropriate, ‘ONLY’ to make profits, where some so called ACUTE businessmen of the West are flattered all over the net & the printed editions of millions of books & magazines, all over the world, for making money out of ‘NOTHING’, what sensible men SELDOM understand is why we ‘STILL’ consider Harshad Mehta a pariah, EVEN AFTER SACRIFICING HIM FOR ‘NO’ FAULT OF HIS?!  

What happened to Ramalinga Raju known as Satyam Raju is another example of what can happen to a ‘SELECTED’ or ‘CHOSEN’ or ‘TARGETED’For Sacrifice!- businessman in India! He, all of a sudden, found himself behind the bars for doing something ‘SO CALLED ILLEGAL’- ‘SOLELY’ depending on the ‘EXPLANATIONS’ of law! – while the multinational company (Price Waterhouse Coopers!) which HELPED him do THE SO CALLED ILLEGAL ACTIVITY’ for 7 or 8 years went scot free, without facing any sort of action from the West Lenient Indian Law (WLIL!), to keep the books of OTHER LAW ABIDING COMPANIES OF INDIA, when he LOST his company, which had been in the TOP 3 Indian IT Companies for long, wholesomely which he built up from the scratch, as happened to Rajan Pillai of the Biscuit Giant ‘Britania’, a couple of decades back!

When the Western companies OPENLY flout the SO CALLED ‘INFERIOR’ INDIAN LAWS – Compared to those of the White Skinned Peoples, as whatever we have here is TAKEN/COPIED from the PREDOMINANTLY WHITE SKINNED COUNTRIES like the UK & US!- & the specially made Hind Sight Laws (HSLs!) as they KNOW pretty well that Indians STILL maintain their subservient mentality towards their former WHITE MASTERS & they get away with whatever they do in a Mentally Subservient Indian Law Structure (MSILS!) as we Indian have seen in the cases against Union Carbide, Price Water House Coopers, Vodafone, Shell & other foreign entities where India has ‘ALWAYS’ TWEAKED THE INDIAN LAW in the White Skin’s Favour, BY EXPLAINING IT, as has been happening from Our So Called Independent Days & throwing away billions of dollars which were RIGHTFULLY Indian!

It’s a pity that while ALL THESE ‘WHITE SKIN’ FLATTERY is going on & on in the Indian Law Structure, the SELECTED INDIANS are straight jacketed into the millennia long ‘EXPLATIONS’ OF LAW & (BUSINESS) SACRIFICES where we Indians ‘LOSE’ our brethren, in the ‘EXPLANATION FOG, which includes the stupidest of all the law, the Law Of Hind Sight (LHS!), created by the planners of the SACRIFICES!


When we see the ‘besahara’ Sahara chairman incarcerated for more than enough time, in the name of the LHS and Everlasting Explanation & Re Explanation of Law (EE-REL!?) by ‘various’ investigating agencies & their ARTFUL lawyers who represent them, one after the other & simultaneously, and see all the problems of the world STORMING India to STALL him from getting the ‘very small’ amount of $ 1.6 billion to make him come out of the central prison, come what may, ONE ‘SURELY’ DOUBTS THAT THE SAHARA CHIEF IS THE CENTRE POINT OF SOMEONE POWERFUL’S ‘BUSINESSMAN SACRIFICE PLAN’ (BSP!) & IT’S ‘EXECUTION’?!

Friday, April 3, 2009

Satyam....Sivam....Sundaram!

"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!