If you thought that Ramalinga Raju's bizarre attempt to use Satyam's money to rescue his sons' failing businesses made him the Indian Gerald Ratner, take a look at this.
It seems that the businessman who told me last week that corporate governance in India was even worse than in the United States was right. The difference is that in the US, people responsible for fraudulent accounting practices go to jail. Raji claims that he will "submit himself to the laws of the land", but whether the police will act remains to be seen.
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