Reporting Live From Jokaland

January 7, 2009

New Bad Jokes about Satyam

Filed under: Uncategorized — Gaurab @ 7:33 pm
Tags: ,

Seems somebody is better than me at coming up with bad jokes about Satyam!

My picks -

Satyam, Shiver-am, A-sunder-am!

And

Raju ban gaya Gentleman

All of them come from this blog about the Maytas deal – http://www.mypalador.com/blogs/index.php?blog=5&title=satyam-shiver-am-a-sunder-am-a-k-a-raju-&more=1&c=1&tb=1&pb=1

Happy PJs!! :)

Repercussions of Satyam Fraud Being Felt in IIMC as well!!

Filed under: Uncategorized — Gaurab @ 7:13 pm
Tags: , ,

Can you imagine – Satyam fraud has touched us here in IIM Calcutta as well??

Ok, not exactly. :P

What happened was that this Summer I am supposed to go to the auditing firm KPMG for my internship. And with Satyam all over the news, I actually thought it would be funny to tease an ex-PWC-ian friend (That’s my sidey BTW) about the auditing firms who were sitting with their thumbs up their asses while Raju played Haadoodo with the Balance Sheet (Maybe we should call it the Balance Shit! :D Okkk, Bad joke again).

But in my life, the Big Guy always likes to play Haadoodo with ME. So about a minute after I make the PWC crack, one of my friends tells me that he just saw KPMG on the news! Some other doofus also chooses that moment to tell me, that KPMG WAS the auditing firm for Satyam. That got me hyperventilating and for the next half hour I sat glued in front of CNBC TV18 trying to figure out whether I still had a summer job or not.

But, as I said, the Big Joker upstairs likes his little jokes and it turns out in fact PWC was Satyam’s auditors and now I am happy again.

But really what was PWC doing?I really can’t believe that a firm of that stature can be complicit in such a matter, but no one knew about Arthur Anderson as well, right?

PS: For a good rundown on the Satyam debacle, read this – http://ridingtheelephant.wordpress.com/2009/01/07/satyam%E2%80%99s-raju-lifts-the-lid-on-indian-corporate-fraud

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