Satyam Fraud Precursor To A Greater Financial Showdown

When the world replaces reverence for all creation with greed and absolute corruption of power, nature takes it's course to bring about the renewal of human consciousness with the emergence of truth in our waking lives ! Satyam is Sanskrit means 'Truth' and finally after years of inflating revenues and manipulating accounts the Satyam founder, B. Ramalinga Raju admitted to committing Fraud stating that he is prepared to subject himself to law of the land and face consequences thereof. In the regulatory statement, Raju said that the company had fraudulently incorporated a non-existent cash component and inflated the bank balance to reflect Rs 5,040 crore (Rs 50.4 billion) as against Rs 5,361 crores (Rs 53.61 billion).

" No board member had any knowledge of the real situation. Accrued interest of Rs 376 crore in books is non-existent. About Rs 1,230 crore was arranged to Satyam, but was not reflected in the books," he said.

"It was like riding a tiger, not knowing how to get off without being eaten," Ramalinga Raju said in a letter to Satyam's Board of directors, wherein he listed major financial wrong doings over the years to inflate the profits.

I believe this is a positive step forward by the Satyam chief as he had little or no choice left but to own up in these rapidly changing times of 'Instant Karma'. The Satyam Fraud is just one of the many cases of Corporate Greed that flourish on inane laws of a quickly crumbling global financial system. In the months to come we should prepare ourselves to see the world reshape, realign itself while we consciously make choices that affect us and consequently the larger gamut of things. It's time to be the change and take responsibility of ourselves and the Planet. We are always more than what we can imagine and collectively we will make the world a better place. A world of Oneness where Duality is a lesson from the dark ages we live in today.
((((( Shine On )))))
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