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satyam saga...

by pankaj kumar | January 11, 2009 at 01:49 am

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NO respite for people involved in satyam crisis.The name satyam gives the meaning of Truth ,but the previous management made mokrey of corporate governence .Their massive window dressing of accounts of the company raised a big questions about how india INC operating .The brand is defamed by their act .
Governmend intervention was essential to bring confidence back in the system.

MUMBAI: Newly appointed Satyam board member, C Achuthan on Sunday said the topmost priority of the team would be to put back on rail the

scam-tainted IT company and ensure that all those guilty do not go scotfree.

"The first step in the board meeting would be to evolve the strategy on how to go ahead and restore the damaged image of the company," Achuthan, former Sebi member, told media here.

The board would also ensure that those behind the 'calamity' will not go scot free and that similar instances do not recur, Achuthan said.

The Government has announced two other members of the newly constituted Satyam board and they are HDFC Chairman, Deepak Parekh and IT expert Kiran Karnik