Potential buyers line-up for Satyam

Written by: Super Admin
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New Delhi, Jan 20: Tarun Das, the newly appointed board member of the scam-hit Satyam Computers said on Tuesday, Jan 20 that there are potential buyers for Satyam. But the board is yet to decide on it.

He said, "All I can say, we have been approached by potential buyers." However he refused to devulge more details.

Das said the Satyam Board of Directors (BoD) will meet on Jan 22 in Hyderabad and would discuss issues such as search for CEO and CFO, legal matters and immediate cash requirements to run the company. He added that the board would also discuss whether it needs to ask the government to stand as a guarantor for raising loans.

India's fourth largest software exporting company, Satyam Computers landed in trouble when its founder and CEO Ramalinga Raju resigned as Chairman on Jan 7 and admitted of 7,000 crore scam. He revealed that the profits had been falsified for years.

OneIndia News (With inputs from Agencies)

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