Solving the Satyam Scam
Editorial, The Times of India | January 12, 2009
India's corporate image is at stake as the truth behind the Satyam scam has yet to be uncovered. ++ Ramalingas Raju's arrest is "only the start of a long process of dispensing retributive justice." ++ Satyam was already under scrutiny for a failed deal with Maytas, an attempt to replace Satyam's fictitious assets with real ones. ++ Pricewaterhouse, the Indian arm of the Western firm, cleared the financial chits now disputed. ++ Conflicts of interest are common with auditing firms, but this must not interfere with their watchdog role.
