BANGALORE, Dec 13 (Reuters) - Satyam Computer Services
, the Indian software services firm sold to Tech
Mahindra, has settled claims from Aberdeen Global and
22 funds that had claimed damages.
The company has signed a confidentiality agreement with the
claimants and paid $68 million to fully settle them, Satyam said
in a statement on Thursday. Aberdeen and the funds had sought
damages of about $298.3 million in a British court, it said.
Satyam was sold in a government-backed auction in 2009 after
its founder and former chairman admitted to one of the country's
biggest accounting frauds. The company, in the process of
merging with parent Tech Mahindra, had also settled claims by
Aberdeen-affiliated former investors in the United States in
July, and a class-action suit in February 2011.
(Reporting By Harichandan Arakali; Editing by Prateek