Sign In / Register
Make This My Home Page | Feedback |RSS
You are here: IE »   Story

Ramalinga Raju's village still blesses him

  • Print
  • Mail This Article
  • Comments
  • Add to favorites
  • Ramalinga raju
    The villagers hail the development works undertaken by the Byrraju Foundation, the charitable arm of Satyam.

    For the whole world B Ramalinga Raju may be a villain, after the startling revelation of fraud in the company he founded, but for residents of his native village in West Godavari district, he is still a good samaritan.

    The non-descript village, Garagaparru, shot into the limelight with Satyam Computer growing to become the fourth largest IT firm in the country.

    The villagers hail the development works undertaken by the Byrraju Foundation, the charitable arm of Satyam, and consider Raju as a good man.

    "He has done many development works in this region. We hope he will tide over the present crisis," Rama Raju, a villager said.

    Several other villagers have expressed similar feelings. The Satyam issue is the hot topic in the village ever since Raju tendered his resignation as chairman of the company.

    The Byrraju Foundation has taken up a number of development work in the fields of education, health, drinking water and several others in hundreds of villages in the coastal districts of West Godavari, East Godavari, Krishna, Visakhapatnam and others.

    Ads by Google

    However, the developments in the company came as a shock to hundreds of shareholders in the West Godavari district. "I have lost Rs 64,000. Many others in the town too lost large amounts," a shareholder in Eluru, who refused to be named, said.

    “Conscience is what hurts when everything else feels so goodBy: wellwisher | 22-Jan-2009 Reply | Forward Appreciate the guy for admitting which is much harder
    r raju's village still blesses him By: sspai founder president -make a will foundation | 10-Jan-2009 Reply | Forward SATY7AM-FUDGING OF FIGURES -THE INCIDENT SHOULD BE ATTENDED BY A TOTAL APPROACH 1) RAJU MAY BE PUNISHED 2) THE COMPANY MUST SURVIVE 3) THE EMPLOYEES / SHAREWHOLDERS ETC MUST NOT SUFFER IE- ALL MUST SACRIFICE TOSURVIVE - the approach has to a combination of 1 strong legalaction 2. strong HR approach 3. best experts like suresh pandit , mrs ranjan of uco bank team should work-one person from government . co law , public should coordinate the work------- shanker s pai mumbai mob-9819215578
    Raju's lucky native village.By: SC Agggarwal | 10-Jan-2009 Reply | Forward The residents of Eluru, the native village of Mr. B.Ramalingam Raju must feel disappointed because of what is going on in Satyam case. However, Mr. Raju needs appreciation for taking care of his native village and did some developmental works in the said village. Now a days people are migrating the villages and after getting education go to big cities and start earning but do nothing for the welfare of their villages. I have seen villages of big industrialists where piped drinking water and sepaate toilets for boys and girls in the school of the said villages are not available. Satyam will againflourish because there is no fault of Satyam Computers. Its shares will again bloom. However, Mr. Raju should not have cooked up the books of accounts. This is very bad.
    scam unbelievable.By: Nataraj | 10-Jan-2009 Reply | Forward It seems he is like a fallen GOD. having a good technical back ground it is really a pity to see these developments. But certainly some politicians may be involved.the disgusting part is, now investors cannot believe most of the private companies and also India's good image in IT has been tainted.
    Satyam story extravangazaBy: frr | 10-Jan-2009 Reply | Forward What an irony. If people are so naive and selfish to such level how India could become a great country. Also how media is so obsessed with this story. There are so many things happening and media fails to give them due emphasis. No wonder media is no longer trusted same way they don't trust them in US.
    Post a Comment
    Name:
    Email:
    Title:
    Maximum characters allowed     
    Comment:
    TERMS OF USE:
    The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
    I agree to the terms of use.