BUSINESS

'Govt could have probed Satyam earlier'

Source:PTI
January 08, 2009 17:25 IST
The Satyam incident did not come as a bolt from the blue for the Bangalore-based IT-BPO union, who had written to the IT industry body Nasscom, the Prime Minister, IT Minister and Ramalinga Raju himself to conduct an inquiry into the affairs of the company in 2008.

"Immediately after we heard that the World Bank was planning to ban Satyam in 2008, we had written to everyone -- the Prime Minister, Nasscom, the IT Minister and to the then chairman Raju to conduct an inquiry into the matter," UNITES Professionals General Secretary Kartick Shekhar told PTI.

He further said had the government investigated the World Bank allegations, discrepancies in Satyam would have surfaced earlier, he added.

"UNITES would like Nasscom to urgently institute an inquiry with the cooperation of the government of India, department of technology and with the cooperation of the World

Bank, immediately and get the actual findings," UNITES had earlier said on its website. However, when contacted, Nasscom had denied receiving any such communication from any union.

Nasscom president Som Mittal had said that it was a company-level matter and the industry body had no right to inquire into it.

The Satyam fiasco: Complete Coverage

Source: PTI
© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

NEXT ARTICLE

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email