Raju has certainly inflicted a huge blow to the India story on the global business arena and the companies across the world would be much more vigilant before engaging any Indian company for their business purposes," said an analyst.
Way back in 2004, American media had reported that it was not only dreaded terrorist Osama whom the Americans were afraid of, but Raju was a feared man too as millions of jobs were being outsourced to Indian companies like Satyam" [link]
The irony here is like Osama, Raju too may be able to escape the law.
The issue here is Corporate Governance.
As pointed out here "the problem in the Indian corporate sector, is that of disciplining the dominant shareholder and protecting the minority shareholders, as it is vindicated in the recent Satyam case."
And in this case Mr. Raju is the end all and be all. Because he as majority shareholder misled the minority shareholders. Although he might brush off all allegations to his person, his attitude is endemic to people in power in India.
Be it politicians, industrialists, businessmen or for that matter anyone in any postion of power considers everything under them to be their kingdom.
They are the "Raja". The rest are the "Praja".
And their decree is the law. And if not then there is enough incentive provided to mould the law according to their needs.
And the saddest part is that the Indian public wants it to stay that way.
And they say India is "free".