Satyam's top brass leave India

Posted By: Staff
Subscribe to Oneindia News

Hyderabad, Jan 14: Satyam's top brass have boarded air to abroad. After Satyam's former interim CEO Ram Mynampati left to US quietly, other two senior staffers of Satyam have also left the country.

If senior vice president and director Virendra Agarwal has gone to Singapore, senior director Keshab Panda landed in London. But Satyam insiders say that all the three executives have travelled to abroad for collection of bills which are due and to reassure their clients.

"But the possibility of their travelling overseas to avoid questioning by the police and other regulatory bodies cannot be discounted," a senior Satyam staffer admitted. All the three thought of leaving the country on Jan 9, according to sources. They also dispatched letters to clients after Ramalinga Raju resigned.

In the letter they urged their clients to endure with the crisis and sought their co-operation.
"Between January 7 and 9 phone calls were made to clients. But making phone calls is one thing and interacting in person is quite another. In fact, some clients wanted presentations from the company in person. So it was decided that they would go and physically meet them," a senior Satyam staffer said.

Around 62 per cent of business to Satyam is from United States, here Ram will meet his clients. Keshub Panda is in charge of European countries which contributes to 20 per cent of the business. Virendra Agarwal looks after Asia Pacific/Africa/Middle East markets which account for over 15 per cent of Satyam's business.

Though employees are happy that new directors have been formed , uncertainty still prevails. They are seeking some liquidity by govt for time being.

OneIndia News (With inputs from Agencies)

Please Wait while comments are loading...