Friends Iam unable to get para seperation even after I type enter to make the content readable. Hence Iam making alternate sentenses in CAPITAL and plain English.PLEASE READ ON PART-II Mr. Ramalinga raju committed following Follies before he resigned by addressing a SO CALLED TRANSPARENT letter to SEbi etc about his wrong doing. 1. HE PLEDGED HIS 5% SHARES WITHOUT TRANSPARENTLY ADMITTING TO THE SAME TO SHARE HOLDERS.2. He continued as CEO intitially wit mere 8% shares and after disposal of ledged shares with about 3% only.3. HE SENT OUT AN ADVISORY TO ALL EMPLOYEES TO BUY SHARES TO "BOOST " MARKET CONFIDENCE. THIS IS OBVIOUSLY WRONG GIVEN HE KNOWS THE NEAR FUTURE AND IT MEANT CHEATING HIS OWN EMPLOYEES.4. He obviously influenced PWC , his auditors to perpetuate fudging. This was done to continue as CEO and to perhaps reap more cash in future IPOs.5. HE TRIED TO TRADE MONEY BETWEEN COMPANIES UNDER HIS CHARGE WITHOUT PUBLIC (SHARE HOLDER) APPROVAL.6. He had the audacity to nominate a successor CEO when he himself lost face and has no such moral authority. This gives him and his buddy some more time to fudge records perhaps.7. THOUGH OFFERING TO FACE LAW HE CONVENIENTLY FLED THE COUNTRY INSTEAD OF FACING THE LAW AND FOURTH ESTATE.
