Satyam CFO submits resignation, board yet to approve
|
Last Updated: Thu, Jan 08, 2009 18:23 hrs
Hyderabad: The chief financial officer of Satyam Computer Services has submitted his resignation, but the firm's board is yet to approve it, the company's interim CEO said on Thursday.
Ram Mynampati said the liquidity of Satyam's balance sheet was "not very encouraging now", but added the embattled company had "healthy receivables".
SEBI team initiates probe into Satyam fiasco
The chairman of the outsourcing company resigned on Wednesday saying that profits had been falsely inflated for years, sending the company's shares plunging nearly 80 per cent.
Two class action suits filed against Satyam in US
Mynampati was appointed as the interim CEO.
most popular on facebook
talking point on sify finance
today's most read on sify finance
- Petrol carmakers announce up to Rs 50000 in discounts Read 362 Times
- Nude maid service raising eyebrows in Texas city Read 263 Times
- A Chennai restaurant's unique Saturday night dinner Read 259 Times
- Congress slams Trinamool over petrol price hike protest Read 140 Times
- Air India flies out stranded British Airways passengers Read 111 Times
