“The deception came to light after Raju tried to plug the hole by getting Satyam to buy his son’s construction companies. The acquisition was “the last attempt to fill the fictitious assets with real ones,” he wrote in his letter.
Chairman Ramalinga Raju resigned on Wednesday in India’s biggest corporate scandal in memory, after saying that about $1 billion, or 94% of the cash and bank balances on the company’s books at end-September did not exist. The company’s shares plunged nearly 80%.
The scandal, which some analysts dubbed “India’s Enron” after the collapsed U.S. energy firm, has cast a cloud over foreign investment in Asia’s third-largest economy and over its once-booming outsourcing sector.”
- You are struggling to get a passport or waiting in passport office line, give Rs.100 to the peon in that office. Your application is directly in the office. Wanna move that file up the chain, give Rs.100 to that clerk. And to get the address verification done by the officers, give them Rs.500-Rs.1000 and even if you are not home, your address is verified. And before receiving the passport from the postman, tip him with another Rs.50-Rs.100.
- Want a driving license – you don’t have to go to the office. Just give Rs.500 to the agents and you will get the license home. No need to even go for a driving test. Who cares if you don’t know driving and gonna get killed or kill someone. At least you got the license. And hey, if you tipped good, check if you got a four wheeler license.
- Are you driving without driving license or vehicle documents. Don’t worry! When you get caught, just give some Rs.100 or so to the policeman. Make sure you bring the documents next time, he will say.
These are some examples of day to day life. I am sure, everyone has got different experience and various situations to get a taste of corruption in India.
Indian politicians – don’t wanna talk about them. They are the least interested in making such policies, take corrective actions or do anything about it. Because first of all they will have to correct themselves and stop fighting over small internal issues. (Image source: Wikipedia)
I AM SHAMEFULLY DEJECTED. I DON’T FEEL SO MUCH PROUD TODAY.

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Most of the communities in India (such as Bengali), are succumbed in ‘Culture of Poverty’(a theory introduced by an American anthropologist Oscar Lewis), irrespective of class or economic strata, lives in pavement or apartment. Nobody is at all ashamed of the deep-rooted corruption, decaying general quality of life, worst Politico-administrative system, weak mother language, continuous absorption of common space (mental as well as physical, both). We are becoming fathers & mothers only by self-procreation, mindlessly & blindfold. Simply depriving their(the children) fundamental rights of a decent, caring society, fearless & dignified living. Do not ever look for any other positive alternative behaviour (values) to perform human way of parenthood, i.e. deliberately co-parenting of those children those are born out of ignorance, real poverty. All of us are being driven only by the very animal instinct. If the Bengali people ever be able to bring that genuine freedom (from vicious cycle of ‘poverty’) in their own life/attitude, involve themselves in ‘Production of Space’(Henri Lefebvre), at least initiate a movement by heart, decent & dedicated Politics will definitely come up.
- Siddhartha Bandyopadhyay, 16/4, Girish Banerjee Lane, Howrah-711101, India.
Join discussion about corruption in India on http://tinyurl.com/7vflas #India
Fraud & Corruption in India is a well accepted FACT http://twurl.nl/pz50xx