We will stay together: Ram Mynampati

Published: January 8, 2009 - 17:52 Updated: January 13, 2009 - 15:12

Sandeep Kumar

Satyam computers announced that that its top leaders will stay with the company and help the company to retrieve the salvage from its worst crisis, after the disgraceful exposure of Rs 7000 crore fraud by its founder and chairman, Ramalinga Raju .

The top executives had a meeting today morning led by the interim CEO Ram Mynampati at the Satyam headquarters in Hyderabad and confirmed of no collective resignations. The top 40 regional managers collectively known as the ‘Leadership Council' has also assured their commitment to continue with the company.

Satyam Computers is under the scanner as the Securities and Exchange Board of India team reaches Hyderabad to investigate the case. The stock price of the company crashed to all time low of 39.9 on January 10, 2009 after the resignation of the founder cum CEO Ramalinga Raju.

The preeminent executives of the company are scheduled to hold a press conference at the company headquarters in Hyderabad today to outline the future plan of action. The main keynote is to address Satyams' further aspects with the customers, investors, employees and business partners.