Achutuni Sreenivasa Murty: ‘It will be premature to comment on the past causes that led to this situation. Multiple investigations are under way to unravel the truth and we should wait to hear from them about the nature, extent and methodology of the fraud. Keeping in mind that the company must restate accounts for the last several years, we predict the effort will take quite some time. Painstaking work on this programme is under way to ensure that it happens quickly, and as accurately as possible. It is important to remember that all of us have read about such incidents ­ across developing and developed countries ­ globally. We have to see this as an exception and not view it as a systemic failure, in India.’