Thursday, January 8, 2009

Ponzi, Madoff or Raju......Greed comes in all shapes
The latest confessions of Satyam's boss Raju comes as a shocker. The series of events is even more shocking. The representation that this was run for many years without the auditor's notice makes me wonder whether the whole audit system is a ponzi scheme in itself, run to dupe unscruplous investors into investing in supposedly safe companies.  If you can't trust the audit report then what do you trust. 


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