Thursday, January 15, 2009

Satyam Computer operations are sound: Board tells Govt

Satyam Computer operations are sound: Board tells Govt: "Satyam Computers Board is of the view that the company’s operations are sound and that its investors are willing to stick to it, Corporate Affairs Minister PC Gupta has said.

Announcing the names of three more members appointed by the Govt to the scan-tainted company’s Board, the Minister said the Board will be allowed to take its own decisions. The nominations to the Board are: Tarun Das (CII chief mentor), SK Balakrishnan (from LIC) and Chartered Accountant PN Manoharan."