Friday, January 16, 2009

Satyam: The White Lie

Finally Raju's "satya" unrevealed. 

Public knows that they have lost their money, there is a traumatic condition in IT market.
This scandal has put a question on the role of regulatory bodies specially SEBI in Indian capital market. The question is that is SEBI really playing the duty of safeguarding investors' interest?
After Harshad Mehta scam, it took a long time to build confidence in investors, see how much time this will take?
The question infront of an ordinary investor is that who will secure their investments, ofcourse "there are no free lunches in life", but then also the regulatory bodies must ensure the proper disclosure of the relevant informations regarding any organization.
The governmet or RBI must take interest in the matter, and try to establish the corporate government practices. See what the Satyam Board will do in this ? 
What I can say, that investors must not loose there trust and confidence, a panic environment will make the condition worse. Ofcourse, be very alert while investing in such a volatile market.
So the magic mantra is "Don't worry, be positive."