Kiran Karnik appointed Satyam chairman

Kiran Karnik has been appointed as the Chairman of scam hit Satyam Computers today. This was disclosed by the Corporate Affairs Minister Prem Chand Gupta. This is a major development in the Satyam Saga.

The appointment of the Chairman of the compnay has been declared just after one day of appointment of its CEO A S Murty. The board members of the company had declared A S Murty as the CEO of the company, who has been with the company for last 15 years.

There were reports that the detention of Raju brothers by SEBI ended today. According to media there were enough evidences about the scam with the officials.