Why are Top Satyam bosses fly out of country ? Something fishy
Satyam's former interim CEO Ram Mynampati is not
the only one to quietly go abroad. Two other senior staffers of Satyam are also
currently out of India
While senior vice president and director Virendra Agarwal has gone to Singapore, another senior VP and director Keshub Panda has pushed off to London. Mynampati, now in theUS
"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. He felt that the chances of Mynampati ever returning are very remote.
For Satyam, 62% of all business comes from theUS Europe contributes over 20% of the business and Keshub Panda
looks after this region. Virendra Agarwal looks after Asia
Pacific/Africa/Middle East markets which account for over 15% of Satyam's
business.
Meanwhile, senior staffers of Satyam who had said that they were happy after hearing of government-appointed directors have now changed their status message to "feeling less unhappy" compared to their state after Raju left. These staffers confessed that there was still a vacuum in the company. "With the appointment of new directors, there is at least a cheque-signing authority in the company but without a full-time CEO, there is no day to day decision-making authority," a senior manager admitted.
While senior vice president and director Virendra Agarwal has gone to Singapore, another senior VP and director Keshub Panda has pushed off to London. Mynampati, now in the
"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. He felt that the chances of Mynampati ever returning are very remote.
For Satyam, 62% of all business comes from the
Meanwhile, senior staffers of Satyam who had said that they were happy after hearing of government-appointed directors have now changed their status message to "feeling less unhappy" compared to their state after Raju left. These staffers confessed that there was still a vacuum in the company. "With the appointment of new directors, there is at least a cheque-signing authority in the company but without a full-time CEO, there is no day to day decision-making authority," a senior manager admitted.
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