The Satyam saga is a warning to other business houses

The conviction of B Ramalinga Raju, former chairman of Satyam Computer Services, and nine others, including two family members, of seven years’ rigorous imprisonment with a hefty fine is an indication that the wheels of justice may grind slowly but in the end nobody is above the law. It is also a warning to those business houses that follow unethical business practices. The tragedy is that the passive and unsuspecting share-holders happily receive hefty dividends on their investments till they suddenly become worthless one day. It is also a message to the government to tighten laws to discourage corporate czars who in public perception are known to influence policies to suit themselves to the detriment of the country’s interest.

HR BAPU SATYANARAYANA,