Satyam denies top executives fled India

January 16th, 2009 - 12:38 am ICT by IANS  

Hyderabad, Jan 15 (IANS) Fraud-hit Satyam Computer Services Thursday denied that its top executives had fled the country.The IT bellwether termed as “malicious” reports in a section of media that its executives Ram Mynampati, Virender Aggarwal and Keshab Panda left the country to avoid questioning by authorities investigating the Rs.70 billion ($1.43 billion) fraud.

“In fact, Dr. Panda remains in India, while Mr. Mynampati and Mr. Aggarwal have returned to the US and Singapore, respectively, where they are based,” a statement said.

“Satyam generates 97 percent of its revenues from outside of India. These executives are currently meeting with customers in their regions to personally assure them of our ongoing commitment.

“Satyam continues to serve its customers with excellence, and has received many expressions of confidence and support from clients, due to these efforts.”

The company said these executives remain in constant contact with Satyam’s board of directors and were available to authorities. “Satyam is cooperating fully with all ongoing investigations,” it added.

Tags: , , , , , , , , , , , , , , , ,

Posted in Business |