Satyam to pay salaries for January

January 27th, 2009 - 8:27 pm ICT by IANS  

Hyderabad, Jan 27 (IANS) IT bellwether Satyam Computer Services will pay salaries to its employees for January as scheduled from its internal accruals and receivables, the company said in a statement here Tuesday.The decision was taken at a day-long meeting of the six-member board, chaired by T.N. Manoharan, the former head of Institute of Chartered Accountants of India (ICAI).

“Further validations have been done relating to the employee numbers and there are sufficient data points to reinforce the understanding that the earlier reported numbers hold good,” the statement said.

The board also appointed Goldman Sachs and Avendus as investment bankers and Boston Consulting Group (BCG) as management advisors to support the directors and the leadership team.

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