The biggest fraud in history of Indian economy has been unearthed and it is bigger than Enron. The $40 billion fraud has shaken the foundation of IT sector in India. The founder Ramalinga Raju of Satyam along with his brother Rama Raju is spending nights behind the bars. The Government of India has decided to give financial support to this wretched company. Raju brothers surrendered at Hyderabad couple of days back and they are currently under remand. Legal proceedings have already started against them even in the US.

Now what is the future of the Satyam employees? There are around 53,000 employees and they are totally in dark. Many companies are showing their interest to acquire staffs from Satyam. There is not yet any official declaration related to any layoffs, but rumors are spreading like forest fire.

The Government appointed a board of three members to look after Satyam currently. Other major IT giants have requested not to consider this incident to be the face of Indian IT sectors. No matter what others say, the scenario at the IT industry has been blackened just after it started to recover from the heavy recession.  Now we can only wait and see.