PRAGOTI

The flutter created by the revelations of a gigantic fraud at Satyam Computer Services seems to be developing into a storm. As the repercussions of the Satyam scam unfold, corporate India and their backers in the Government are trying to project this more as an aberration, albeit a serious one. There is a visible reluctance to acknowledge, let alone address, the systemic issues involved. While unearthing the real magnitude and modus operandi of the scam and bringing the perpetrators to justice remain central concerns, ignoring the systemic issues will only serve to perpetuate the status quo and spawn many more such scams in future,writes Prasenjit Bose, Convenor of the CPI(M) Research Unit.