The Indian Business school , is one of the best management institution in India. It imparts class education.The institution, is in the limelight for wrong reasons.
Rammohan Rao, its dean ,presided over the fraud botched Satyam computers., allowing it to buy Mayatas Infra and Mauatas properties. After the outburst of Satyam dubious deal,he stepped down as dean, but still is associated with the school.
Now Anil Kumar a top executive in the global consultancy firm McKinsey&co, who is on the board of IBS,has been arrested for his alleged role in the network of insider trading masterminded by Raj Rajaratnam.
The Indian Business School is in tight spot.
The Dean and the executive member are associates of fraudulent entrepreneurs..
The school with a big banner should inspire entrepreneurship. But the two members on the governing council instil a rare kind of interest, that of earning in the wrong way.They behest a bad precedence.They have earned illegal ,illicit wealth. Their reputation is a sludge.
Loopholes in trading, exceptions in rules, derogatory tendencies in provisions pave a negative direction to business.
The prestigious school is in a delicate, piquant situation.
Meenas Poems 