Sathyam no more????

I was shocked to see news in TV headlines. It was nothing but the news about Sathyam software crash. Another thing that gave me a bigger shock in this news is that, the co founder accepted the charges and he was ready to face the law by sitting behind the bars. It seems that Sathyam was showing a duped profit records for many years in order to make their customers believe that Sathyam is continuously growing and getting profits. The Co founder and the CEO of the company tried his level best to bridge the gap between the duplicate data and the original data. But he could not achieve it. The last step which he took was a deal to acquire Maytas. But due to the pressure of investors, they could not make the deal successfully. The pressure started to build up only after this incident. The share values started to drop in BSE and NSE. After just two weeks after dropping Maytas deal, CEO himself came forward and admitted his fraud and went behind the bars. I think the Maytas deal would have helped to some extend to safeguard the fourth largest IT firm in India. This is really a big blow for Indians.