Wrong-a-Lingam Raju »

Respected Members of the Board, My job has become a double-edged sword Today I am writing you this letter, To shed my loads and feel much better. I’ve been hiding a truth Which has many facets So here it goes ‘Satyam has no assets!’ You see, unlike I said before, We don’t really have 7000 crore. That cash in fact exists nowhere, I pulled that figure [...]

Govt disbands Satyam board; to appoint nominees »

The Government on Friday disbanded the current board of troubled IT company Satyam Computers and will nominate 10 new directors. “The current board ceases to exist and there would not be any meeting on Saturday,The Centre is considering the appointment of suitable persons as directors of Satyam following interim permission by the Company Law Board (CLB).” [...]