Satyam gets new CEO, Rs 600 crore funds
Satyam’s government-appointed Board on Thursday named A S Murty, one of the company’s own, as Chief Executive and announced tying up Rs 600 crore loans to meet working capital needs.
The board, at the end of a two-day meet, also roped in Homi Khusrokhan, a Tata group veteran, and chartered accountant Partho Datta, as special advisers to help the company in management and finance areas, respectively.
Murty, who has been with Satyam for 15 years and was currently heading the company’s global delivery unit, would assume charge as CEO with immediate effect.
The company’s former CEO Rama Raju, along with Satyam founder Ramalinga Raju, is in judicial custody pending trial in a case relating to a Rs 7,800 crore accounting fraud in the IT firm.