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At last, Government-appointed Satyam Board appointed A S Murthy as new CEO for Satyam, a Satyam executive for 15 years. Satyam revealed that the company had also received bank sanctions for 6 billion rupees towards working capital requirements. Satyam has been battling for survival since Ramalinga Raju resigned as chairman on Jan. 7, . . . → Read More: Satyam New CEO – A S Murthy INDIAN police have arrested Satyam Computer Services founder B. Ramalinga Raju and his brother while the Government removed the company’s directors and regulators took possession of its books, following revelations accounts were falsified over several years. “Ramalinga Raju has been arrested for having violated several sections of the Indian Penal Code,” S.S.P. Yadav, . . . → Read More: Ramalinga Raju Arrested
source: Yahoo News “It took the man from Bhimavaram over two decades to become the posterboy of India’s Information Technology industry and less than two weeks to turn into the rogue who personifies all that is defective with the country’s outsourcing industry.” Satyam Computers Founder and Chairman Ramalinga . . . → Read More: Ramalinga Raju resigns – The Biggest Layoff !!! |
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