A legendary entrepreneur overstated his company's assets and understated the liabilities. Many clients who had reposed their trust inSatyam may feel cheated and might walk away. In the hypothetical scenario of Satyam facing a zero-revenue and zero-account receivables situation starting today, how long would it be able to pay its 53,000 employees? The 'fudged' cash and bank balances could have lasted them 10 months but Ramalinga Raju has already confessed on Wednesday that Rs 5,040 crore out of the Rs 5,361 crore is non-existent.
Read »Can Satyam pay salaries to employees?
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