Satyam board is not acting firm

Friends,

The new directors came on Satyam board with much expectation. The falsehood is that they require time extended to 30 Jun 09 for the third quarter result announcement. On the contrary they have imposed all sorts of ridiculous restrictions on the bidders of controlling stake while they have not been forthcoming in providing the information in their hands to them, why the bidding not taking place place after the concretisation of what Satyam has with it in terms of assets. Coming back to quarterly result, I am surprised why the results have to wait. Results for the quarter have simply to account for what has been the revenue and what has been expenditure and financial charges. It is not dependent on or subject to past manipulation. If the worthy new board has not been able to do this much then either there is reluctance or there is non-competence or may be negligence.

Every passing day, I have my feeling getting stronger that there is an attempt to deflect the attention of public from the real matters and keep them ignorant about the facts, known and yet to be known. The parliament is not in session and when it was the leading politicians were not finding it a big topic for discussion. I think the amount involved in Satyam case is so large that it may have leaked into every possible pocket which has no objection to what colour the money is.

HariOm,
Krsna Khandelwal

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