Ghotala.in

Govt may announce names of new directors of Satyam

The government is likely to announce the names of news board members of Satyam, sources said.

On Friday, the government had disbanded the board of Satyam Computer for “failing to do what they were supposed to”.

Meanwhile, Satyam’s fallen promoters Ramalinga Raju and his brother Rama Raju will spend the next two weeks in judicial custody at the high security Chanchalguda prison in Hyderabad. They have been remanded to judicial custody till January 23.

They were interrogated for 18 hours on Saturday and their bail pleas have been rejected. V Srinivas, the chief financial officer of Satyam was also arrested late Saturday night.