Is the manner in which the Satyam investigation is being conducted giving India Inc. a bad name?
Yes. Diljeet Titus, Founder, Titus & Co.
The committee appointed by the Centre is facing pressure from certain people in the Andhra Pradesh government who have links with Ramalinga Raju. This lobby is hampering the investigation process. I also feel some of those appointed to investigate this case are incapable of handling the responsibility. You need a high-level team of forensic experts who can unravel the entire scam quickly. Any delay will set a bad precedent for corporate India.
Maybe. Vishesh C. Chandiok, Partner, Grant Thornton
The regulatory response in the Satyam case has been satisfactory. It is too early to say if investigations have reached a dead-end. On the flip side, we have seen uncoordinated efforts by the authorities involved in the case. Such inefficiencies will have an adverse impact on India Inc.
No. Harsh Pati Singhania, President, FICCI
The Satyam case is quite a complex issue and investigations are bound to take time. So far, the investigating agencies—SEBI, Ministry of Corporate Affairs and SFIO—have been fairly proactive and are taking all possible measures to close the matter at the earliest.
— Manu Kaushik
