Regulator grills Satyam's former finance chief in jailFebruary 17th, 2009 HYDERABAD - Market regulator Securities and Exchange Board of India (SEBI) Wednesday grilled Satyam Computer's former chief financial officer Vadlamani Srinivas in Chanchalguda central jail here. A SEBI team reached the jail and began interrogating him soon after a city court allowed the market watchdog to question Vadlamani and two former auditors of Pricewaterhouse in connection with the Rs.70-billion accounting fraud at the IT services firm.
Court rejects SEBI plea to question Satyam's RajusJanuary 22nd, 2009 HYDERABAD - Market regulator Securities and Exchange Board of India's plea to record statements of disgraced Satyam Computer Services founder B. Ramalinga Raju and his brother B.
Satyam's application for land in Orissa under scannerJanuary 8th, 2009 BHUBANESWAR - The Orissa government will re-examine the application for land that the scam-tainted IT bellwether Satyam Computer wants for setting up a new unit in the state, a senior official said here Friday. The company sought land to set up a business process outsourcing unit, information technology department P.K.
Satyam's Ramalinga Raju surrenders before Andhra police chiefJanuary 8th, 2009 HYDERABAD - Disgraced former founder-chairman of Satyam Computers B. Ramalinga Raju surrendered before the Andhra Pradesh police chief Friday night.
Satyam's new board members' plea to media - don't call oftenJanuary 11th, 2009 HYDERABAD - The members of the new board of the fraud-hit Satyam Computer Services have started getting pesky calls - from mediapersons, forcing them to request scribes not to call too often and allow the team to do its work. 'I must have got about 20 calls on my cell phone when the (board) meeting was on.
We are happy with Satyam's service: SBIJanuary 14th, 2009 KOLKATA - India's largest bank, the State Bank of India (SBI), has decided to retain its contract with scam-tainted information technology (IT) firm Satyam Computer Services for maintaining its Internet banking services, a top bank official said here Thursday. 'We are not at all thinking of changing Satyam as our vendor for Internet banking services.
Satyam's former CFO Srinivas arrestedJanuary 9th, 2009 HYDERABAD - In the third arrest in the Satyam Computer Services scam, the former chief financial officer (CFO) of the IT bellwether Vadlamani Srinivas was held by Andhra Pradesh police Saturday night in connection with the Rs.70 billion fraud. Srinivas was very close to the company's founder chairman B.
Satyam's Raju brothers, former CFO in police custody for four daysJanuary 16th, 2009 HYDERABAD - Disgraced Satyam Computer Services founder B. Ramalinga Raju, his brother B.
Satyam's Ramalinga Raju, brother arrestedJanuary 8th, 2009 HYDERABAD - The Andhra Pradesh police Friday night arrested disgraced former founder-chairman of Satyam Computers B. Ramalinga Raju and his brother and former company managing director B.
Satyam's new board starts meetingJanuary 11th, 2009 HYDERABAD - The three-member board appointed by the central government to bring back financial order to the fraud-hit Satyam Computer Services began its meeting here Monday. A Satyam spokesperson said the meeting began at the company's headquarters in Hitec City at 11 a.m.
Court rejects SEBI plea to question Satyam's RajusJanuary 22nd, 2009 HYDERABAD - Market regulator Securities and Exchange Board of India's (SEBI) plea to record statements of disgraced Satyam Computer Services founder B. Ramalinga Raju and his brother B.
New board shortlists three for Satyam's top postsJanuary 22nd, 2009 HYDERABAD - The government-appointed directors of the beleaguered Satyam Computer Services Friday announced that they have shortlisted three candidates for the posts of chief executive and chief financial officer, and that the names of those selected will be announced next week. 'The selected person will be uniquely qualified to lead the company during this period of transition and will be a leader of global standing and recognition,' the directors said in a statement issued to the Bombay Stock Exchange at the end of their two-day meeting here.
Tech Mahindra to complete Satyam's 75-mn dollars Australian projectJuly 1st, 2009 MELBOURNE - Tech Mahindra, the new owner of troubled Indian IT services firm Satyam, has for the first time confirmed its continued commitment to a 75 million dollars software development project in Geelong, Australia. There were grave concerns that the project would be axed after Satyam Computer Services founder and chairman, B.
Regulator to quiz Satyam's former finance head FridayFebruary 17th, 2009 HYDERABAD - Market regulator Securities and Exchange Board of India (SEBI) will interrogate Satyam Computer's former chief financial officer Vadlamani Srinivas in Chanchalguda central jail here Friday and two former auditors of Pricewaterhouse a day earlier. The market regulator's counsel sought a change in the dates for grilling the three even as a SEBI team reached the jail to begin interrogation, as permitted by the court earlier in the day.
Tech Mahindra in talks with Satyam's Australian clients to salvage reputationJune 25th, 2009 MELBOURNE - Tech Mahindra, which took over scandal hit Satyam Computer Services, will hold high-level talks with key Australian corporate clients of the troubled IT firm in a bid to salvage the reputation of the company. National Australia Bank is one of the key customers Tech Mahindra executive vice-chairman Vineet Nayyar will be meeting next week.