The board is expected to complete the process and announce the name of the successful bidder the same day in Mumbai.
The Satyam board has extended the deadline to submit technical and financial bids to April 13 from April 9 with the bidders seeking more information on the company, according to board member and HDFC chairman [...]
MUMBAI: In a significant development, former Satyam Computer CFO
Vadlamani Srinivas has told representatives of the Institute of Chartered Accountants of India (ICAI) — the apex regulatory body for chartered accountants in India — that auditors S Gopalakrishnan and Talluri Srinivas of audit firm Price Waterhouse had no role to play in the fraud, as they [...]
The Central Bureau of Investigation, probing the Satyam financial fraud, arrested three employees including a top executive of the IT firm on Sunday, said CBI deputy inspector general V V Lakshmi Narayana.
“We arrested three employees last night who designed the mechanism for the fraud and they were involved in preparing fake monthly bank statements and [...]
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