Satyam Computer’s New Board of Directors
Dr Deepk Parekh of HDFC
Kiran Karnik of NSSCOM
C Achudham of SEBI and X-President SAT.
A Securities and Exchange Board of India (SEBI) team probing a financial fraud in Satyam [Get Quote] Computer on Friday reached founder Ramaling Raju’s house here, but returned as the premises was locked.
Sources said the team, was also expected to go to Satyam headquarters again, and a notice has been issued from SEBI’s Mumbai office [...]
Although Prime Minister Manmohan Singh government is “concerned” about the turmoil of one of India’s biggest IT brand – Satyam, it may not intervene directly to resolve the issues, according to top sources in the United Progressive Alliance (UPA).
“The government doesn’t have much scope to directly intervene at this stage. We are, of course, concerned [...]
This is by far Largest Corporate Scam in India Inc. Read more ...
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