Corporate India has lost confidence. The investors are shocked. The business ethic is lost. The gloom and despair have numbed the enthusiasm of the public. The government is gaping and mulling with fingers crossed.
Advising the investors by working on EPS and on PE ratio,is ridiculous, considering the Satyam saga. The bank balance is a farce, the liabilities are fudged, the assets are cocked up, the profit is exalted. With these fictitious figures , calculation becomes difficult, more so erroneous..Finally the investor is in a fix. The advice is absolute malaproppism.
Now , the curious mind is rattled, at the thought of many more Raju’s surfacing, either big as our hero, or small as say Rajan.Rajus and Rajans have taught us a beautiful process of amassing wealth with other people’s money.
They move about in jets,and BMW’s, holiday in Mauritius, Maldives and Switzerland, acquire thousands of acres in their home town,hoard gold diamonds and silver Their resplendance with ostentation , achievements with fraudelence,enthusiasm with pretentions beguile the poor investors.
The regulators, the chartered accountants, the cost auditors, the company secretaries ,the registar of Companies, the Income Tax officials, the company Law Board, and the Banks and financial institutions back up such cheats nd fraudesters,and take punitive actions against simple ,sincere modest entrepreneurs.
Who is to be blamed ? Who is to be put in gallows?
Can we single out one person ? we should throw the entire team into a pot of fire . The ash has to be dissolved , lest they may rise once again like Penguins.