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Potential buyers line-up for Satyam
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)
