Where is law in this land?

Its more than 24 hours since the shocking revelation of Satyam Founding chairman Ramalinga Raju's admission of Fraud of inflating the Company's profits over the years by Thousand of crores and all we have now is no Arrest and confusion between Center and State on what is each supposed to do. No one knows where Raju actually is although Raju's lawyer claims that he is in Hyderabad and is willing to abide by the laws of the land.

State police mention that they cant make an arrest unless someone files an FIR. Centre says Law and Order is a state subject. AP Govt ordered a CB-CID probe..

No one is clear on what should be the roles and responsibilities in such a crisis situation. As was the case with 26/11 where our response was very poor, the same is the case here. Here we have a person who made a confession that balance sheet is inflated by more than 7000 crores and no action till date. 2 Lakh Shareholders and 53000+ employees of Satyam are eagerly waiting what would be theie future. Shareholders have lost great sums of money on this share in the last six months where in it plummeted from 800 rupees + to 40 Rupees after Raju's confession.

The State police/authorities should atleast have common sense of tracking Raju's whereabouts if not arresting him..

In US a Class action file suit has already been filed in less than a day but in India no signs of law suits or arrest. Why is this lethargy? Are there some vested interests in State govt protecting the erstwhile Chairman of Satyam computers?

The confidence of normal citizens like me and you on our system is weakening day by day. If this lawlessness continues, there would be no fear of law among citizens and doing a fraud/crime will become commonplace with knowledge that all that matters in this nation is wealth and ethics has no place