Indian Government appointed three new members as the Satyam board members.They are HDFC chairman Deepak Parekh, former Nasscom chairman Kiran Karnik and former SEBI member C Achutan.Satyam chairman Ramalinga Raju spent his first night in jail yesterday.
Satyam computers chairman made everyone in a great shock by saying he had made corruptions in the company's audition report.His reports shown that the company's profit was Rs.2700 crores where it is Rs.2212 crores in original.so that there is aheavy loss in stock market over 700 points.After his letter saying about the fraud it has been found that Rs.8000 crores have been made fraud.Both the founders Ramalinga Raju and Rama Raju have been held in jail for 14 days.Indian government has taken the Satyam computers in control and appointed 3 new members as board personnels today.Some of the trustable sources said that Software Engineers who are presently working in Stayam have been asked to work for 2 months without salary and after that there will be major reduction in the salary right from Seniors to juniors.So if anyone know more about this just leave a comment here.Thanks for your time guys.
Satyam computers chairman made everyone in a great shock by saying he had made corruptions in the company's audition report.His reports shown that the company's profit was Rs.2700 crores where it is Rs.2212 crores in original.so that there is aheavy loss in stock market over 700 points.After his letter saying about the fraud it has been found that Rs.8000 crores have been made fraud.Both the founders Ramalinga Raju and Rama Raju have been held in jail for 14 days.Indian government has taken the Satyam computers in control and appointed 3 new members as board personnels today.Some of the trustable sources said that Software Engineers who are presently working in Stayam have been asked to work for 2 months without salary and after that there will be major reduction in the salary right from Seniors to juniors.So if anyone know more about this just leave a comment here.Thanks for your time guys.
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