A competent look at most angles and stakeholders in this scam
Given that it’s instant history, this is a competent look at most angles and stakeholders in this scam, from Raju’s personality and modus operandi to the regulatory oversights and eventual rescue by the government. Thankfully, for now at least, there’s focus on sorting out sloppy systemic regulation—a crucial factor as India’s corporate landscape is “dominated by family-owned/controlled businesses just like Satyam”. Raju is not, as many in India Inc are projecting, one bad chap in a sea of saints.
Prosecutions should start soon in this case. This book is a reminder for an ever-cynical public. I have two quibbles though. One would have expected a lot more on Raju’s interface with AP’s political bosses—there is surely a spicier cocktail of patronage that deserves to be told. And for all the systemic failings, should not there have been something about the media’s role in this sorry saga?