Ramalinga Raju stable in intensive care unitSeptember 7th, 2009 HYDERABAD - Disgraced founder of Satyam Computer Services Ltd B. Ramalinga Raju remained in the intensive care unit of a government-run hospital Tuesday after he suffered a cardiac arrest in a jail here.
Maytas diverted Rs.390 crore to Satyam: KhurshidAugust 31st, 2009 NEW DELHI - Corporate Affairs Minister Salman Khurshid Monday said prima facie some evidence indicated that funds had been transferred from Maytas Infra to scam-tainted Satyam Computers, now Mahindra Satyam. "When the accounts are stated, this will become clear as to where the money has gone," said Khurshid while briefing reporters on a new Company Law Board (CLB) order regarding Maytas Infra.
Ramalinga Raju's judicial custody ends todayJuly 22nd, 2009 HYDERABAD - The judicial custody of former Satyam Computers chairman B Ramalinga Raju and other accused in connection with the 7,800 crore fraud at the IT major ends today. On July 8, a local court had extended their judicial custody till today.
Tech Mahindra gets 43 percent stake in SatyamJuly 10th, 2009 MUMBAI - Mahindra Satyam, formerly Satyam Computer Services, Friday said it has allotted 198.6 million shares to Venturebay Consultants, a Tech Mahindra arm. After this allotment, Tech Mahindra will hold about 43 percent in the company.
Court extends judicial custody of Satyam accused till July 22July 8th, 2009 HYDERABAD - A local court on Wednesday extended the judicial custody of former Satyam Computers chairman B Ramalinga Raju and other accused in connection with the 7,800 crore fraud at the IT major till July 22. The accused-Ramalinga Raju, his brother and Satyam's former managing director Rama Raju, ex-CFO V Srinivas, former partners of Price Waterhouse S Gopalakrishnan and T Srinivas along with Satyam Computer Services former employees G Ramakrishna, D Venkatapathi Raju and Ch Srisailam-were produced before the XIV additional chief metropolitan magistrate.
Judicial remand of Satyam accused extended till July 8June 24th, 2009 HYDERABAD - Judicial remand of the Satyam Computer accused, including its founder B Ramalinga Raju, was extended by a local court on Wednesday by 14 days to July 8. The accused were produced before the XIV additional chief metropolitan magistrate, who extended the judicial remand of Ramalinga Raju and other accused for alleged involvement in the multi-crore financial fraud.
Gurnani named Mahindra Satyam chief executiveJune 23rd, 2009 HYDERABAD - Two days after Satyam Computer Services was re-branded as Mahindra Satyam, the company Tuesday announced changes in its leadership with Tech Mahindra's head of international operations C.P. Gurnani being named the outsourcer's new chief executive.
Satyam renamed Mahindra SatyamJune 21st, 2009 HYDERABAD - Satyam Computer Services has been renamed as Mahindra Satyam, while the logo will be adopted from the Mahindra Group. Tech Mahindra had bought it in April,
The decision was taken at a closed-door meeting attended by top executives of Tech Mahindra in Hyderabad.
Satyam appoints new leaders in Australia, New ZealandJune 1st, 2009 MUMBAI - Satyam Computer Services Ltd Monday announced the appointment of Venki Prathivadi as the new country manager for Australia and New Zealand (ANZ). Satyam has also appointed Vijay Prasad as the principal adviser to the ANZ region, the company said in a regulatory statement.
Satyam names four new directorsMay 22nd, 2009 NEW DELHI - India's fourth largest outsourcer Saytam Computers Friday said it has appointed four more directors on its board following a Company Law Board (CLB) directive April 16. The appointments were also as per a share subscription agreement between Tech Mahindra and its subsidiary Venturbay Capitals, which is acquiring a controlling stake in the scam-hit Satyam.
Judicial custody of Satyam accused extended till May 13April 29th, 2009 HYDERABAD - A special court Wednesday extended the judicial custody of disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju and other accused in the Rs.78 billion fraud case till May 13.
Pricewaterhouse names three members of advisory boardApril 22nd, 2009 CHENNAI - Audit firm PricewaterhouseCoopers (PwC) India Wednesday named three members of its proposed advisory board, which will help the local executives rebuild the company's tarnished image after the Satyam scam. PwC, which for several years inspected the books of the fraud-hit Satyam Computer Services, said in a statement that three retired bureaucrats - former cabinet secretary Naresh Chandra, former comptroller and auditor general V.K.
CBI arrests three more Satyam employeesApril 6th, 2009 HYDERABAD - The Central Bureau of Investigation (CBI) arrested three more Satyam Computer Services employees on Monday in connection with the multi-billion fraud committed by the IT major. "We arrested three employees last night who designed the mechanism for the fraud.
CBI to file Satyam charge sheet April 9April 2nd, 2009 NEW DELHI - The Central Bureau of Investigation (CBI) will file April 9 its first charge sheet in the Rs.78 billion ($1.5 billion) Satyam fraud, which surfaced in January shocking India Inc. 'We are going to file the first charge sheet April 9,' CBI director Ashwini Kumar told reporters here.
Satyam founder Raju's custody extended for two more daysMarch 22nd, 2009 HYDERABAD - Satyam Computer Services founder B. Ramalinga Raju, his brother Rama Raju and ex-Chief Financial Officer Vadlamani Srinivas23.
Loading ...