How an IT czar ran a $ 2 billion company to the ground
The story of the rise and fall of Ramalinga Raju, promoter of the blue-chip
software company Satyam, has no parallel in Indian corporate history. He created
a $ 2 billion company in a short period of time, only to leave it penniless. At
the heart of the scandal lay the IT baron's craving for land (his family's
traditional business). To satisfy it, Raju pawned his shareholding in Satyam as
well as in his real estate company, Maytas Infra, and allegedly siphoned off
funds from both companies. In an elaborate cover up,