To take it off, our Telugu bidda Ramalinga raju garu occupies more web space than the president of America. WOW that's a pride by it self and I swear, being a Telugu.... for a movement it gives me more kicks than a few shots of tequila or mamidakaya pappu with avakayya and neyya..... , though it's highly debatable whether he is the Right Raju or the wrong Raju.
The views expressed below are my personal ones based on what I got fed with from the unprecedented, record breaking, bytes bashing, crores spending media unleash ever in the era of the modern financial world. I hope the media barons are happy with their desired mileage and I am sure it will make a positive impact on their Q3 results. I heart fully welcome this fourth estate boom after the real estate doom, after all we all do need some BOOM.
Raju garu says that he has cooked the books to protect the company interests, though the company is really not making those profits, assuming that he is saying the truth, I feel by doing so he really wanted to protect the company he started from being taken over (which I feel Raju garu has every right to do as he is the founder) he wanted to safe guard the interest of the employees,(which every hard working and self respecting Telugu would do) he wanted the share holders to enjoy the high value appreciation in spite of an unhealthy financial situation.(what is the crime in doing so when is he has given a chance to millions of share holders to cash on more than 10,000% returns though, legally on the wrong foot).
I really wonder keeping the speculators aside, which genuine original investor In Satyam lost money or returns in terms of dividend, bonuses or share split. In this era of scams where you loose your underwear, the original Satyam investor at the current market rate of RS 30 is @ a profit of more than 1500% even after enjoying more than 1000% of dividend to date.(The original face value of the share was Rs10/- which was later split to Rs 2/-).
And for the record what is the asset value of any software company minus its employees, its projects and clients which reflects as turnover. Though they might have cash reserves of more than Rs10,000 crores, that will be barely sufficient to fund their salaries and expenses for a year without any projects in hand.
It's an open secret that their net assets like buildings and lands will hardly be anywhere tangent to their actual valuation. But these greedy quick buck seeking pseudo intellectuals feel and want to believe that they are smart, savoy, analytical and foresighted, ignoring the reality, for their comfort, convenience and kicks...I feel unknowingly I conceived a new meaning to the so called word BULL on the stock market.
Happy go lucky gamblers at a Las Vegas casino are more real to themselves than these self deceiving people, I pity them.
Coming back to mana Raju garu, based on his confession, I feel his intentions were right, when he tried to swap the fictitious liquid assets of Satyam with Maytas stake( the failed take over) and hence trying to make it good. Had Raju garu had his way this whole crises would have been avoided. But it ought to be, thanks to the acute shrewdness of these pseudos who dug their grave with precision. Poor guys lost their fortune and made Raju garu richer. Now that he has been forced by circumstances to confess and exit, what obligation would he have towards Satyam and its fake balance sheet as he claims? There is a saying in Telugu "Vanda Abbadalu aadi ayyina oka pelli Cheyyi".means you can say a hundred lies to make a marriage happen. But these great guys didn't even spare Raju garu for a few lies and facilitate the marriage of Satyam and Maytas which might have been a blessing in a disguise for everyone". Well that's what we call fate and no one can escape it for good or bad" The most gratifying one liner to anyone on the cliff of helplessness.
Though I don't appreciate speculation, I have my sympathies for who all lost their hard earned money, but that doesn't give them any right ignore what Raju garu gave back to Telugus in particular and the system as a whole. It's a fact that he gave work opportunities to more than 50,000 people for more than 40% of their working life ie creating the source of income for more than a lakh of people. He helped millions of people through his charities and touching the heart of many more. I would like to question these pseudo groups that how many of these guys can remotely at least dream of achieving anything he has done. He might be the villain for a few but he is the hero for Telugus. He kept Andhra Pradesh on the world IT map and made every Telugu proud. Thanks to him that you no longer have to carry a map in your pocket to explain where you come from?
Wrong?
On the contrary if Raju garu has siphoned the money which was really existent as some sources claim, it's up to authorities to prove and if it's proven he like any normal citizen should face the law of the land and undergo what ever it has in store for him.
Robin Hood can be hero but he can't take liberty of our Great Nation.
Well an institution is not a single person, if that is the case Tatas, Birlas and Ambanis would not continue to exist after their founders. So nothing stops in this world, just like the world itself, everything moves on and Satyam will move on too with or without Raju garu.
I neither belong to the Raju community nor friends with them. I just have a lot of respect for this Gentleman. Good luck Raju Garu .
I am extremely sorry if I have offended anyone's feelings. This is just my POINT OF VIEW.
Kuchipudi Venkat
Film Director
[email protected]
