Ram’s Random Thoughts – ಮನಸ್ಸಿಗೆ ಬಂದ ವಿಷಯ

Why did he resign now, without even waiting for a board meeting. When he says, he is ready for any consequences, he could have waited. It appears something fishy in his letter given to stock exchanges and to board members. The unanswered question now is where is the money now, has he siphoned off them to his Maytas, and to get away with this money he made statements like the accounts were inflated. I hope regulatory authorities will do a thorough check now. Something more interesting is CM of Andhra Pradesh was telling yesterday that Hyderabad Metro project was awarded to Maytas, which is a different company.

Mr. Raju was not a fool to do this unless he has some good support from politically powerful people. He has chosen his time correctly to fabricate the books and siphon off the funds before announcing his resignation. What is more surprising is that he has passed copy of this letter to other board members. If Mr. Raju is so conscious, he could have had a tele-conference of his board before announcing his resignation. Mr. Raju wanted to have an impact on other board members and wanted to avoid any reaction from his board in public.

Now Mr. Raju’s family can enjoy the booty.