Satyam CFO Attempts Suicide

by CXOtoday Staff    Jan 09, 2009

Srinivas Vadlamani, CFO of Satyam, who is thought to be involved in one of the major IT company’s scam, has attempted a suicide in a house in Ameerpet near Hyderabad.

Significantly, in Raju’s letter to Securities and Exchange Board of India (SEBI) and the company’s board of directors, the name of CFO is missing from the list of those who were ‘unaware of the real situation’.  

Meanwhile the Andhra Pradesh state police may register a suicide case today.  K. Arvind Rao, Addl DG, (intelligence) declined to comment, when CXOtoday contacted him over phone. "I can’t speak on this issue right now," said Arvind.

Srinivas Vadlamani, has been reported ‘missing’ from his home in Malkajgiri for the last couple of days. However, interim CEO — Ram Mynampati in a press conference on Thursday said that Vadlamani had put in his papers. The decision on his resignation will be taken in board’s meeting to be held tomorrow, the media had been informed.

More Stories on the
Satyam Scandal:

 

NYSE
Halts Trading Satyam Stock

Infosys
Will Not Buy Tainted Satyam

India
Inc Asks: Was the Board Really Unaware?

PwC
Role in Satyam Fiasco will be Probed: ICAI

Mynampati
Attempts to Raise Employee Morale

Satyam
to Undergo Stringent Scrutiny

Raju
Admits Fraud in Satyam Balance Sheet

R.
Raju’s Letter to the Satyam Board

Foreign
Firms Wary as Satyam Trial Looms
Satyam Dims India Shining Story
YSR Urges Team to Manage Satyam Affair

Was
Satyam Just Plain Unlucky?