Click to play videoNew Delhi: The men saving Satyam have been busy. They seem to have zeroed in on the CEO and CFO of the company. Network 18 has learnt that former Tata Chemical MD Homi Khusrokhan could be the frontrunner to head Satyam.
Speaking exclusively to CNN-IBN, the Corporate Affairs Minister P C Gupta however, refused to confirm any name.
"These are people of expericnce and eminence. They have the desired and requisite experince in the field of management as well as running companies. When you know them you would be happy," he said instead.
A new leader is what the company needs at the moment to oost it's flagging morale. Meanwhile, a strong endorsement for the beleagured IT firm also came from board member Tarun Das.
"Mark my word, Satyam is not over yet," he said.
Meanwhile, the Chief Minister of Andhra Pradesh, YSR Reddy is also trying his best to distance hinself from the Raju family.
He wrote to the Prime Minister stating on record that former chairperson of Satyam, B Ramalinga Raju and his family had embellished the company's bank accounts for over seven years.
The letter also confirms that over 300 companies were set up, facilitating insider trading. He says the state is open to a CBI probe.
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