Ram Mynampati in US, says Satyam spokesperson
By IANSMonday, January 12, 2009
HYDERABAD - Former interim CEO of Satyam Computer Services Ram Mynampati is in the US, the company clarified Tuesday while denying reports that he had been arrested by Andhra Pradesh police.
A Satyam spokesperson said Mynampati was meeting clients in the US and the reports of his arrest and interrogation were not true.
Mynampati also spoke to the three-member new board of the company Monday from the US via video conference, she said.
‘I don’t know when he went to the US,’ the spokesperson told IANS.
Some television channels had reported that Crime Investigation Department (CID) had arrested Mynampati and was interrogating him in connection with the Rs.70 billion (approx $1.5 billion) fraud.
Mynampati was acting as interim CEO of the company after B. Ramalinga Raju resigned as chairman on Jan 7 while admitting the massive fraud. Mynampati, who was on the board of directors since 2006, addressed a news conference on Jan 8 along with other top executives and denied knowledge of the fraud.
He was believed to have left for the US on Jan 9 to meet clients to allay their apprehensions in the wake of the fraud.
The new board constituted by the central government told the media Monday that Mynampati was no longer CEO or board member but said he continued to be an employee of the company.
