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Journalism of Courage
Embattled Satyam Computer Services is speaking to its top 100 clients individually,and has received expressions of support from key customers,its interim CEO Ram Mynampati said on Thursday.
Ram Mynampati was appointed the interim CEO.
“Our only aim at this time is to ensure that the business continues,” Mynampati said at a news conference.
He said the company would help investigating agencies and had launched a process to assess its financial position.
Mynampati said that they are looking to “engage an investment banker”.
Govt orders inspection of 8 Satyam subsidiaries
The government ordered probe into the books of accounts of eight subsidiaries of Satyam Computer Services,whose head B Ramalinga Raju admitted that the company was declaring forged accounts.
The inspection would be conducted as per the provisions of section 209A of the Companies Act,Corporate Affairs Minister Prem Chand Gupta told reporters on Thursday.
The subsidiaries,whose accounts will be verified by the government,are Maytas Properties,Maytas Infrastructure,Satyam BPO,Nipuna Services,Knowledge Dynamics,Nitor Global Solutions,Ca Satyam ASP and Satyam Venture Engineering Services.
