Raju Raju. Yes, papa.
Missing assets? No, papa.
Trying to acquire a real estate company to save your skin?
No, papa.
Okay, show me your balance sheet!
Ha ha ha.

Now that the cat is out of the bag as to how Ramalinga Raju fudged Satyam’s accounts to show huge profits, we must thoroughly investigate all such claims made by other individuals.

Our flamboyant railway minister, Lalu Prasad Yadav has been commended by top B-schools for single handedly turning the railways in to a profit making organization overnight.

Many people believe that Raju & Lalu have used the same accounting techniques.

Any businessman with knowledge of accounting practices can tell you how easily one can show huge profits in a loss making enterprise and vise-versa.

Auditing firms are a farce. Most auditors don’t even go through the account books. They just take their fees and put their signature.