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Latest Satyam News, Satyam Computers chief Ramalinga Raju resigns

hot bussiness posted 1/7/2009 from 6url.com

Hyderabad: Satyam Computer Services founder chairman B. Ramalinga Raju resigned from the IT major's board after admitting a fraud to the tune of Rs 4000 crore ($823 million) in the balance sheet of the company. Chairman, B. Ramalinga Raju and Managing Director, B. Rama Raju, have resigned.