Satyam an isolated case, does not reflect industry: Nasscom
The country's software lobby Nasscom said that Satyam is an isolated case and not a reflection of the IT industry, which is robust on values and parameters.business Updated: Feb 04, 2009 13:42 IST
The country's software lobby Nasscom on Wednesday said that Satyam is an isolated case and not a reflection of the IT industry, which is robust on values and parameters.
"The board of Satyam is doing a great job... It's a one-off case. Let us move on from what has happened in Satyam," Nasscom President Som Mittal said here.
"Let us follow on the intrinsic value of the company," he said.
Ever since the Satyam accounting fraud came to light early last month, the IT industry body has been maintaining that the sector would not be affected by the incident.
Nassom Chairman Ganesh Natarajan had said: "We believe the entire IT sector will not be impacted much as we consider this as a specific case of a particular firm."
However, Nasscom had said it would work with the Satyam Task Force to reach out to their customers and employees and guide them through the transition, besides extending all kind of help to the scam-tainted software major.
Incidentally, Raju was once the chairman of the apex body of the IT-BPO industry in India.