Friday, January 9, 2009

The Rajus have been arrested, contrary to my earlier prediction. More than anything else, it was the enormous attention the case received, allied with the shock effects on Dalal Street, that caused the authorities to act. The big question, though, remains unanswered: is Ramalinga Raju an isolated corporate criminal, like Robert Maxwell or Ken Lay, or part of a wider trend of lies and deceptions that are the grim underbelly to the India Shining story?

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