Satyam signs 15 fresh contracts despite fraud

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Satyam Computers
Hyderabad, Feb 3: Although the Ramalinga Raju's fraudulence has beleaguered Satyam Computers, there are reports that the company has earned 15 outsourcing contracts in Jan. The contracts were in markets such as the United States, Europe, Japan, Africa, the Middle East and India.

"As of now there has been only one client termination," the spokeswoman said, referring to the decision of US-based State Farm Insurance to terminate its contract after the Satyam fiasco.

"Our executives are reaching out to clients around the world, and at this point, well over 90 percent of our clients have committed to continuing with Satyam," the spokeswoman said.

OneIndia News (With inputs from Agencies)

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