Government nominates three new directors on Satyam board
15 Jan 2009, 1947 Hrs

The Government today announced the nomination of three more directors to the board of Satyam Computer Services

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New Delhi, Jan.15 The Government today announced the nomination of three more directors to the board of Satyam Computer Services.

In a statement issued here, Minister of Corporate Affairs Prem Chand Gupta said that Tarun Das, Chief Mentor of CII, T. N. Manoharan, an eminent chartered accountant, and Suryakant Balkrishna Mainak of the LIC, have been nominated to the Satyam Board of Directors.

He also said that Satyam has secured the services of Kiran Karnik, Dr. Deepak Parekh and C. Achutan also.

He said that the investigation of Satyam has been entrusted to SFIO and the officers of SFIO have already started their job. They have been asked to submit their report within three months, he added.

He said that the Board of Satyam has already engaged the services of two reputed Audit firms namely Deloitte and KPMG to look into the accounts of Satyam.

He said that the first impression from the government-nominated directors about the company was that its operations are sound and by and large major customers are willing to remain with the company. (ANI)

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