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**JonatonM** · 07-02-2009, 06:24 AM

Actually, if you notice the share movements, the other major Indian outsources gained today, even on the American exchanges. Did Enron's debacle mean every other energy firm was out to play "house of cards"? No.

You'd be surprised about the Indian legal system. It may be slow, but Indian share markets and law offer a fair playing ground to outsiders and Indians alike, which is not something, say, China can offer.

I'd be highly surprised if this sort of thing surfaced over at TCS or Infosys, the two really best such companies.

BTW, did you actually read Satyam CEO's letter to the board? It lays out in detail the situation and circumstances at that company. A very specific issue affecting that firm from many years ago.

But you're right, PwC screwed up big time.

Are you going to have a double-take on ALL other companies' book that PwC audits?!

07-02-2009, 06:24 AM	#7
JonatonM Join Date Oct 2005 Posts 435 Senior Member	Actually, if you notice the share movements, the other major Indian outsources gained today, even on the American exchanges. Did Enron's debacle mean every other energy firm was out to play "house of cards"? No. You'd be surprised about the Indian legal system. It may be slow, but Indian share markets and law offer a fair playing ground to outsiders and Indians alike, which is not something, say, China can offer. I'd be highly surprised if this sort of thing surfaced over at TCS or Infosys, the two really best such companies. BTW, did you actually read Satyam CEO's letter to the board? It lays out in detail the situation and circumstances at that company. A very specific issue affecting that firm from many years ago. But you're right, PwC screwed up big time. Are you going to have a double-take on ALL other companies' book that PwC audits?!
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