Oops, I did it…

What Raju did recently surprise many of  us and some of us were outrightly shocked. One of them was a friend who has been fortunate enough not to have yet entered the corporate world. In our 10-minute conversation she talked about Raju for approximately 8.30 minutes and primarily shooting questions and sounding incredulous…

  • How can SEBI have overlooked?
  • How can the Board of Directors not have noticed?
  • How can they have practically siphoned off the entire assets side of a balance sheet?
  • What the hell were the auditors doing? (I’d be shredding paper…)
  • How can people set up websites to support them?

The letter that Raju wrote to the board of directors at Satyam can be downloaded here (Screenshot appended below)Update: Wipro disclosed that they have been blacklisted by WorldBank for bribing WorldBank Officials. World Bank version of the story and Wipro‘s version of the story.

Once I had passed thru’ this barrage of questions she graduated to Narayanmurthy’s inane comment on not hiring anyone from Satyam. I could not say anything more but agree with her, in her statement that this was the darkest hour for the corporate world and that this is just the tip of the iceberg. Her final words ” There will be more revelations..” sounded pretty ominous and made me wonder as to her corporate connections…

A ditty that I noticed on the web goes like so…

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

Funnily when I looked up I realized that PwC were the auditors for Satyam. I think I can now understand what exactly the bright brains that end up in consulting are upto. I know it’s a cheap shot. Sorry.

On a more serious note another friend sent me a list of companies that PwC audits. I will trust you on your judgment as to what to do with this data.

  • Apar Inds. Price Waterhouse 200803 1,698 85
  • Apeejay Tea Price Waterhouse 200703 93 1
  • APW President Price Waterhouse 200803 137 9
  • Arshiya Intl Pricewaterhouse 200803 202 12
  • Assam Carbon Pr Price Waterhouse 200803 30 -4
  • Automotive Stamp Price Waterhouse 200803 301 4
  • Bayer CropScien Price Waterhouse 200803 1,163 49
  • Beeyu Overseas Price Waterhouse 200803 20 -2
  • Bimetal Bearings Price Waterhouse 200803 100 9
  • Blue Dart Exp. Price Waterhouse 200712 809 70
  • Bosch Price Waterhouse & Co 200712 4,269 609
  • Bosch Rexroth Price Waterhouse & Co 200712 265 25
  • California Soft. Price Waterhouse 200803 71 7
  • Century Enka Price Waterhouse 200803 1,186 13
  • Chemplast Sanmar Price Waterhouse & Co 200803 640 7
  • Colgate Palmoliv Price Waterhouse 200803 1,475 232
  • Coromandel Fert Price Waterhouse 200803 3,795 210
  • Cummins India Price Waterhouse 200803 2,351 281
  • D P S C Price Waterhouse & Co 200803 320 1
  • Denso India Price Waterhouse 200803 466 28
  • Dynamatic Tech. Price Waterhouse & Co 200803 273 19
  • Elpro Intl. Price Waterhouse 200803 27 -17
  • English Ind.Clay Price Waterhouse 200703 240 18
  • Entertainment Nt Price Waterhouse & Co 200803 225 16
  • Gabriel India Price Waterhouse & Co 200803 467 8
  • Gateway Distpark Price Waterhouse 200803 165 75
  • Gillanders Arbut Price Waterhouse 200803 399 15
  • GIS Price Waterhouse 200403 80 0
  • Glaxosmit Pharma Price Waterhouse & Co 200712 1,570 538
  • GlaxoSmith C H L Price Waterhouse 200712 1,273 163
  • Glenmark Pharma Pricewaterhouse 200803 1,371 389
  • GMR Inds. Price Waterhouse & Co 200803 153 7
  • GMR Infra. Price Waterhouse 200803 103 63
  • Goodyear India Price Waterhouse 200712 890 40
  • Graphite India Price Waterhouse 200803 1,064 134
  • Great Eastern En Price Waterhouse 200803 0 -11
  • Guj Gas Company Price Waterhouse 200712 1,188 159
  • Harr. Malayalam Price Waterhouse 200803 202 6
  • HCL Infosystems Price Waterhouse 200806 12,411 305
  • HCL Technologies Price Waterhouse 200806 4,615 781
  • Hikal Pricewaterhouse 200803 301 50
  • Hind.Powerplus Price Waterhouse 200503 216 6
  • Hinduja Ventures Price Waterhouse 200803 12 42
  • Honeywell Auto Price Waterhouse & Co 200712 866 65
  • Hooghly Flour Price Waterhouse 199603 0 0
  • HTMT Global Price Waterhouse 200803 358 59
  • IFGL Refractor Price Waterhouse 200803 171 17
  • Ineos ABS (India Price Waterhouse 200712 557 35
  • Info Edge (India Price Waterhouse 200803 245 55
  • Infotech Enterpr Price Waterhouse 200803 435 59
  • Ingersoll-Rand Price Waterhouse 200803 487 281
  • Insilco Price Waterhouse 200803 69 -3
  • Jagran Prakashan Price Waterhouse 200803 750 98
  • Kanumanek Trad. Price Waterhouse 200803 0 0
  • Karamch.Thapar Price Waterhouse 200803 0 0
  • Kennametal India Price Waterhouse 200806 388 54
  • Kesoram Inds. Price Waterhouse 200803 2,986 383
  • Lanco Infratech Price Waterhouse 200803 1,575 200
  • Marico Price Waterhouse 200803 1,569 143
  • Maruti Suzuki Price Waterhouse 200803 17,892 1,731
  • Mastek Price Waterhouse 200806 583 99
  • Max India Price Waterhouse 200803 282 62
  • Mcleod Russel Price Waterhouse 200803 653 47
  • Millennium Beer Price Waterhouse 200803 188 -4
  • Morganite Crucib Price Waterhouse & Co 200803 19 1
  • Moser Baer (I) Price Waterhouse 200803 1,900 -79
  • Motherson Sumi Price Waterhouse 200803 1,303 128
  • NDTV Price Waterhouse 200803 363 4
  • Nicco Parks Price Waterhouse 200709 19 1
  • NIIT Price Waterhouse 200803 467 33
  • NIIT Tech. Price Waterhouse 200803 445 143
  • Northgate Techno Price Waterhouse 200803 62 41
  • Novartis India Price Water house 200803 553 97
  • Orissa Extrusion Price Waterhouse 199912 13 -8
  • Parry Agro Inds Price Waterhouse 200803 82 8
  • Perfect Circle I Price Waterhouse & Co 200803 77 -2
  • Phillips Carbon Price Waterhouse 200803 1,033 89
  • Piramal Health Price Waterhouse 200803 1,914 301
  • Piramal Life Price Waterhouse & Co 200803 0 -92
  • PVP Ventures Price Waterhouse 200803 0 -2
  • Rain Calcining Price Waterhouse 200703 696 70
  • Rain Commodities Price Waterhouse 200712 462 25
  • Rane (Madras) Price Waterhouse & Co 200803 350 37
  • Rane Brake Lin Price Waterhouse & Co 200803 181 9
  • Religare Enter Price Waterhouse 200803 32 23
  • Religare Global Price Waterhouse 200803 22 4
  • S.N. Sunderson Price Waterhouse 199903 10 -1
  • Saint-Gob. Sekur Price Waterhouse & Co 200712 67 0
  • Samtel Color Price Waterhouse 200806 777 -71
  • Sanderson Inds. Price Waterhouse 199403 13 1
  • Saregama India Price Waterhouse 200803 137 8
  • Satyam Computer Price Waterhouse 200803 8,137 1,716
  • Schrader Duncan Price Waterhouse & Co 200803 56 2
  • Simplex Infra Price Waterhouse 200803 2,808 90
  • South Asian Fin. Price Waterhouse 199803 5 -10
  • Sparsh BPO Price Waterhouse 200803 161 0
  • Spentex Inds. Price waterhouse 200803 736 -35
  • Stewarts & Lloyd Price Waterhouse 200803 111 4
  • Subhkam Capital Price Waterhouse 200803 50 -2
  • Sulzer India Price Waterhouse & Co 200712 125 15
  • Swaraj Mazda Price Waterhouse 200803 665 25
  • Swojas Energy Price Waterhouse & Co 199812 7 -6
  • T.V. Today Price Waterhouse 200803 231 44
  • TIL Price Waterhouse 200803 692 32
  • Tinplate Co. Price Waterhouse 200803 391 4
  • Trigyn Techno. Price Waterhouse 200803 14 4
  • Tudor India Price Waterhouse 200803 129 8
  • United Breweries Price Waterhouse 200803 1,367 62
  • United Spirits Price Waterhouse 200803 3,137 311
  • Usha Martin Price Waterhouse 200803 1,639 145
  • UT Price Waterhouse 200803 104 -7
  • UTV Software Price Waterhouse & Co 200803 286 4
  • Vijay Inds. Price Waterhouse 200409 63 -27
  • Warren Tea Price Waterhouse 200803 133 2
  • Welspun India Price Waterhouse & Co 200803 1,175 26
  • Wyeth Price Waterhouse 200803 330 81
  • Zensar Technolgs Price Waterhouse 200803 336 45
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8 thoughts on “Oops, I did it…

  1. I must say that you provide genuine, quality information. Thanks for this!

    BTW, dpn’t you think your blog needs a better wordpress template?

  2. I must say that you provide genuine, quality information. Thanks for this!

    BTW, dpn’t you think your blog needs a better wordpress template?

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