How Will the Scandal that Shook India’s Services Industry Affect Other Honest Businesses?
Columnist Jagdish Dalal tackles tough questions submitted by our readers. Have a question for Jag’s bag? Submit it to info@meltingspot.com.
Q. Jag, the Satyam accounting scandal exposed huge fraud at one of the largest Indian outsourcing firms. Will this cause a permanent loss of faith in other Indian services companies?
A. Dear Reader,
In January, the chairman of Satyam, once one of India’s proudest services firms, admitted to “cooking” the company’s books by inflating its earnings and assets for years.
