 Satyam CEO, CFO hunt over: PC GuptaPublished on Thu, Jan 29, 2009 at 11:55 | Source : CNBC-TV18 Updated at Thu, Jan 29, 2009 at 17:05 100654 Investors following Mahindra Satyam. Share this News with them.
Gupta also said both the candidates were not from Satyam but "from the industry". He added, "The person who has been identified for the post of CEO...has a vast experience of running large MNC and national companies in India." Gupta also said the government need to relook at the issue of independent directors. He added that the new company bill will have civil liability as well.
Speaking on the issue of naming the Satyam CEO, Tarun Das, Board Member of Satyam, ruled out the possibility that Ashok Ganguly--Former Chairman of Hindustan Lever, Director of Wipro and the Chairman of the Governance Committee of Wipro--will join as Satyam CEO. He said, "We are nobody to rule him out. He is up there for us. He would rule himself out." However, he did not rule out looking at Tata companies' talent for the position. Das added that Satyam CEO, CFO names is expected to be announced in the next 48-72 hours. Here is a verbatim transcript of the exclusive interview with PC Gupta on CNBC-TV18. Also see the accompanying video.
Q: Three weeks to the day after the Satyam scandal broke, do you believe Raju's confession that he cooked the books to show that the company possessed Rs 7,000 crore more than it did, or do you today have the reason to believe that maybe the money was siphoned out of the company? A: The information which we are getting from different agencies of the time being has shown that there has been an issue of siphoning off funds from the company.
PREVIOUS STORY Trending NewsBusiness News
|
News Rel Comm Q4 Cons Net Revenue Up 5% At `5,310 Cr (QoQ)  The latest earning numbers FIRST on CNBC-TV18
Videos
Interviews
 May 27 2012, 11:52 | Source: CNBC-TV18  May 27 2012, 11:00 | Source: CNBC-TV18  Subscribe to Moneycontrol Newsletters |
||||||
