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Satyam CFO Vadlamani attempts suicide

Satyam CFO Vadlamani attempts suicide
Hyderabad, Jan 9: Bad news continues for Satyam Computers. If the reports are to be believed, Srinivas Vadlamani, the chief financial officer (CFO) who is also allegedly involved in the company's fraud, attempted to commit suicide on Friday morning, Jan 9.

However, he is said to be safe. He attempted suicide in the house of some relative in Ameerpet area, sources said. Confirmation from the police about the incident is still awaited.

Disgraced former Satyam chairman Ramalinga Raju in his letter of resignation to Securities and Exchange Board of India (Sebi) and the company"s board of directors admitting fraud, had not absolved the CFO. In the Raju's list of those 'unaware of the real situation' and the company's wrong-doings, Vadlamani's name was missing.

On Jan 8, press conference interim CEO Ram Mynampati had said that Vadlamani had given resignation but the decision on his resignation is to be taken in board"s meeting on Jan 10. The CFO has been absconding from his home in downtown Malkajgiri for the last two days.

OneIndia News (With inputs from Agencies)

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Satyam earns revenue of Rs 1830 crore in Q1

Hyderabad, July 20: Satyam computers, a leading global consulting and IT service company, has earned revenue of Rs 1,830 crore, an increase of 26.8 percent and a sequential increase of 2.9 percent, for the first quarter of the financial year 2007-08. While announcing the results of the company for the quarter ended June 30, this year, Satyam Computers Founder and Chairman B Ramalinga Raju said the company's net profit after tax was Rs 378 crore,.....
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