Over the last few days, there has been so much of attention given to Satyam, Ramalinga Raju, his admission, his arrest etc. The entire corporate world is speaking their heart out against Satyam and its founder.
One aspect that received less attention is the Corporate Political nexus.
This is very evident in the Satyam saga. Although the politicians ,the Naidus and the Reddys of the world, are trying their best to stay away from the Rajus, it is a well known fact that Satyam’s progress and the awarding of the various contracts in Andhra Pradesh and the other parts of the country could not have been possible without ”Under The Table” dealings.
A controversy not so long ago in rewarding the Hyderabad Metro project was brought to everyone’s notice and Mr.E Sreedharan had quite famously said about the rewarding of the contract as
“Making available 296 acres of land to BOT to Maytas consortium was like selling the family silver”
It is a known fact that without the politicians, the corporate honchos are helpless in getting contracts after contracts. And without the contributions from the corporate, large scale spending on elections and self progress can never be achieved.
While it may be extremely difficult to prove, given the fact that everyone connected to the Satyam scam would have washed off their hands and destroyed all or any of the remaining evidence so, the existence of relationship between big businesses and the politicians can not be denied. This nexus has only seen the common man suffer.
So who are these sufferers?
The worst sufferers are definitely the employees and the shareholders of the company.
Spare a moment also for the hundreds (if not thousands) of future entrepreneurs who would not even dare to start a venture in India, knowing very well what they will have to compromise on their ethics and morality to be rewarded contracts.
How often do you see the likes of a Narayana Murthy or an Azim Premji emerge victorious without actually paying heed to the politician’s demands. And if you dare to be different from the rest, you are often harassed mentally and in some cases physically until you succumb to the political pressures.
Given such environment to do business, it will be indeed surprising that how many small businesses and entrepreneurs will be able to make it big in India.
A dream will remain a dream if the lawmakers in India do not make exclusive provisions to severely punish those politicians and the corporate who indulge in unfair practices. There has to be a fear for the law of the land.
Last decade saw India leaping after the economy liberalized. Now that some of the moles are out, the government should take extreme measures to ensure that the future years will be profoundly remembered as an age of trust, honesty and transparency where a rejuvenated India will emerge and a common man can dream…and dream big!