Satyam’s 3 member board constituted by the government met for the first time today
Satyam’s three-member board constituted by the government met for the first time on Monday to discuss ways to get the IT company back on track.
Eminent banker Deepak Parekh, IT expert Kiran Karnik and former SEBI member C Achuthan arrived at the Infocity campus of Satyam in Hyderabad for the meeting, in which the chairman of the board is expected to be elected.
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1 Comments
tuneer
January 12th, 2009 at 2:34 am
The Satyam Chairman Mr Raju with connivance of the independent directors,staff ,SEBI & PwC looted the Co for several years and it should not surprise anyone that there are many more Co’s in the Stock exchanges who will tumble out with the same similarity as Satyam in future.
In India it is the money which speaks our politicians,SEBI,auditors and directors are bunch characterless guys & on the top of it there several loopholes in the Law with will always encourage corruptions.
Its high time that RTI must be implemented in all the Co’s & shareholders should have unrestricted access to all a/c’s of the Co’s.
Tuneer Bondhopadhyay
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