Rediff India Abroad
 Rediff India Abroad Home  |  All the sections

Search:



The Web

India Abroad




Newsletters
Sign up today!

Get news updates:
  


Home > India > Business > PTI > Report

   Discuss   |      Email   |      Print   |   Get latest news on your desktop

'All in Satyam know about fudged figures'

January 08, 2009 16:30 IST
Last Updated: January 08, 2009 16:41 IST


It is not just the current employees who are an aggrieved lot following the Satyam [Get Quote] debacle; former employees too hit out at the management, questioning how the top brass of the firm had no clue to the fudging of accounts.

"Everyone in Satyam, including every vice president, knows how many projects they are doing and what is the profit margin before hand," a former Satyam employee said in an interview to a television channel.

"The sales and marketing guys are the people who raise the invoice for each and every project and they know how much money is going where. How can every one say no one knew except Ramalinga Raju?" the ex-Satyam hand said.

"Everyone knows that all the figures are fudged," he added.

Satyam has over 53,000 employees, whose fate still hangs in the balance after company chairman B Ramalinga Raju resigned from his post on Wednesday and also admitted to cooking company books over the past several years. 

 



© Copyright 2008 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

   Email   |      Print   |   Get latest news on your desktop



Advertisement
Advertisement