Friday, January 9, 2009

Asatya(m) Tale - A human tragedy



And the truth shall set us free. 

Perhaps what Ramalinga Raju thought when he penned his ignoble letter that revealed all, getting a load off his chest and forcing on 53,000 people (employees), and several lac investors a cross they were not ready to bear.

Hapless employees, a whopping 53,000 of them, each one an individual, a man or woman with families of their own, parents, siblings, spouses and children. If one were to take an average of 4 family members for each employee, its more than 2 lacs... 2 lac affected DIRECTLY by one man's greed.

Now consider the average dreams of each of these employees, ranging from chaiwallas to admin staff to engineers, management personnel etc... 

Each one with at least one on-going loan for, a new dream apartment, a car, a child's education, a daughter's marriage, a surgery, a family emergency... 

Consider their monthly expenses; insurance policies, investments, loans, school/college fees, travel, household (for food, clothing), medical expenses for dependents....

Consider the lapsing of policies, disappearance of savings, withdrawal from investments....

Now consider the implications of a salary package that may soon disappear....

Consider the recessionary environment and lack of good jobs out there for at least the next eighteen months...

Or consider a take-over which will result in job cuts and sheared pay packets to cut costs and reduce further losses.... 

Consider the death of 2 lac dreams....

And then, the real truth unfolds.

This scam is not just a scam; it is a human tragedy of mammoth proportions. 

Will Raju be able to get THIS load off his conscience?





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