Merrill Lynch disengages from Satyam

Mumbai, Jan 7: Satyam Computer Services on Wednesday, Jan 7 said that DSP Merrill Lynch had terminated its engagement with the company.

In his letter to Satyam's board, Raju had said, "With the hope that members of the Task Force and the financial advisor, Merrill Lynch (now Bank of America) will stand by the company at this crucial hour, I am marking copies of this statement to them as well."

OneIndia News (With inputs from Agencies)