Raju delivers second fudge

BY J.R.PRASAD

Hyderabad, Jan. 7: This is not the first time the founder of Satyam Computers, Mr B. Ramalinga Raju, pushed his company into trouble leaving the employees high and dry. Even before he emerged as a global business leader in the IT sector, Mr Raju had earned the dubious distinction of declaring his company “sick” leaving hundreds of employees in the lurch. Mr Raju set up a spinning and weaving mill called Sri Satyam Spinning and Weaving Mills Ltd at Shabhashpally in Narsapur Mandal. After running it for more than a decade, he declared it “sick” citing financial losses. He declared a lockout forcing hundreds of employees to go jobless. Some employees approa-ched the then TD government. The Congress government did not look into the matter. Later, the name of the Sri Satyam Spinning and Weaving Mills Ltd was changed to Samrat Spinners Limited.