One of the most significant contributions of the Hazari report was the official identification of the ‘business group’ as the basic institutional unit of organisation of Indian monopoly capital. The group in this view consisted of a number of related and unrelated activities controlled by a single central decision-making authority and thereby functioning as a co-ordinated organisation (Hazari 1967).
The Satyam scandal has been wrongly called 'India's Enron', after the gigantic fraud at the US energy-trading company, which came to light in 2001 and became a metaphor for corporate crime.In fact, the Satyam scam is much bigger in absolute magnitude and likely impact. The amount stolen from Enron was Rs 2,866 crores (Rs 28.66 billion) at current exchange rates. In the Satyam case, according to its promoter-chairman B Ramalingam Raju, Rs 7,136 crores (Rs 71.36 billion) were involved. Also greater are the number of defaulting agencies and their failures,writes Praful Bidwai.