Satyam has receivables of Rs 17,000 crores: Deepak Parekh
NEW DELHI: HDFC Chairman Deepak Parekh, a member of the newly constituted Satyam board, said that the “Ram Myanpati is in contact with the new Satyam board and the rumors that he has fled India is wrong.”
Ram Myanpati, a whole time director of Satyam for the last two years, was right the right hand man of Ramalinga Raju and controlled over 60% of Satayam’s business.
The official spokesperson of Satyam, T Hari has earlier told media that Myanpati had left for the US on Sunday, to address the concern of clients in US. Mr Parekh added that Satyam has receivables of Rs 1700 crores .
Fifty one year old Ram Myanmpati, has been assigned post of interim CEO of Satyam with effect from January 7,2009. Mr.Myanmpati joined Satyam as executive vice-president in 1999 and became Chief Operating Officer in November 2000.
He served as President of Satyam’s commercial and healthcare businesses since October 2002 and as Chairman of the Board of Citisoft Plc., a business and systems consulting firm acquired by Satyam in April 2005 and Satyam Technologies, Inc.
He was inducted on Satyam’s board as whole time director effective 21 August 2006.
Source : Economic Times
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