India's lessons from Satyam

What a tragic fall. B Ramalinga Raju, founder of Satyam Computer Services and an icon of India's software success, is now a prisoner in Hyderabad's Chanchalguda jail.

It appeared initially that he had committed the crime he confessed to - namely fudging the balance sheets of his company to show higher profits and greater reserves in order to bolster shareholder confidence and rake in more investor money. MORE...