PUBLISHED ON: January 9, 2009 | Duration: 2 min, 26 sec
Raju's confession has shocked the nation but it also exposes the dark underbelly of corporate India's big balance sheets. The numbers were fudged, the money wasn't there and everyone missed it? Well, how exactly was this done? The emperor has no clothes but he claims that he's the only one who knows. It’s not possible, given the complexities of maintaining an account.