RAMALINGA RAJU RESIGNS??? SATYAM FOUNDER RAMALINGA RAJU RESIGNED..

The reports also suggested that Mr Raju had put in his papers and that he was awaiting the company board's decision on the issue.

When contacted, a Satyam spokesperson said: "We are still awaiting news from the management. We will let you know once there is an announcement to make."

Incidentally, a Satyam board meeting is scheduled for December 29. According to analysts, Mr Raju's resignation wouldn't make much of a difference to investors. "He is not to be blamed alone...the responsibility lies with the entire board. It was a unanimous decision and this board is in no place to decide on the issue," said Prabhudas Leeladhar analyst Apurva Shah.

SOURCE : ECONOMIC TIMES .. READ MORE AT ECONOMIC TIMES

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