India denies its wake up call – Satyam is just the tip of the iceberg – a total FDI outflow possible
Hari Mathur
Jan. 14, 2009

India’s answer to the corruption in the Indian corporation is simple. External Affairs Minister Pranab Mukherjee said, "In respect of the recent developments, appropriate steps will be taken. One need not hit the panic button."

"37 per cent is the rate of investment and 35 per cent is savings and marginal (money) is coming from external sources," Mukherjee said.

The world is watching how India finally deals with its bottom up thorough corruption. Satyam is just tip of the iceberg. Bribing, falsifying facts, lying is just part of Indian corporate culture.

Indian native business tycoons tell Indian expatriate agents “ Bring me some American and European business contacts. I will make joint venture and cheat them like they can never imagine. As for you, you are my expatriate Indian brother/sister, I will never cheat you.”

Well, not may Indian expatriates consider the Indian business tycoons as anything but total scoundrels and thieves surrounded by the underworld thugs.

British Foreign Minister David Miliband expressed confidence that Indian authorities will deal with the Satyam case "very clearly and very appropriately" as he underlined the need for implementation of Indian laws of corporate governance in a "hard-headed and clear way".

Americans and Britons will soon understand, India and China are one-way doors. Welcome in with fat cash belly; never ever imagine getting out with any asset!

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