Jan 12, 2009

India's Enron has left the capital reeling. The biggest ever corporate fraud in Indian history, the Satyam scandal is a huge blow to the overseas image of India Inc and has brought into sharp focus the ethics behind corporate governance. For its part, the government has put the salvage of the company at the top of its agenda, with the PM meeting the SBI chief. Now it’s up to the official troubleshooters Deepak Parekh, Kiran Karnik and C Achuthan to untangle the mess. In this whole debacle lies a valuable lesson for big business: get your house in order. It’s the least you owe your stakeholders—and your country.

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