Wednesday, December 17, 2008

Mr. Raju backtracks - Maytas should implode

Mr. Raju has backtracked in 12 hours and will no longer steal $1.6 billion from Satyam. Is he that thin skinned? If he planned a robbery, then he should have been prepared to kill. We should soon have the first real estate blowup in India. It is Maytas Infra and Maytas Properties - if we ignore Unitech and Omaxe. 

Who will lend additional money to Maytas, and which lender will not try to recover money from these two companies? There is a really juicy story here for media to uncover.   

1 comment:

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