Government supersedes Satyam board, sacks remaining directors
By IANSThursday, January 8, 2009
HYDERABAD/NEW DELHI - The government Friday evening superseded the Satyam board and dismissed three remaining directors, including two independent ones, of the tainted IT major.
The government has cancelled a Satyam board meeting scheduled for Saturday in Hyderabad.
It also reconstituted the Satyam board and appointed 10 nominated directors.
The first meeting of the new board is to be held in seven days.
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