PM reviews Satyam case with Cabinet colleagues

Prime Minister Manmohan Singh on Tuesday held discussions with his senior colleagues in the face of developments in the Satyam computer Services case, according to media reports. The Satyam fraud case is one of biggest corporate frauds in India.

The government has been taking steps to protect the invests of investors and the employees of the scam hit Satyam Computers. The appointment of news director for the company was for one of the important steps taken by the government.

The government may appoint further new members into the board of the company to restore the functioning of the organization. The government may come out with some solutions to solve the cash crunch in the company. The Prime Minister had already discussed with the SEBI Chairman over the Satyam Computers.