The Indian government has appointed members to the new board of scandal-arisen Satyam computer services on sunday,two days next to the dropped out of the old board of India’s biggest corporate scandal.Police charged the Satyam chairman Ramalinga Raju and his brother,Rama Raju for criminal conspiracy and forgery.The brothers ,the co-founders of the Satyam company are in jail now.
Analysts have conveyed that the quick action of appointing members to new board is a timely effort for the company.
Behind the scandal,several other securities fraud actions have been filed in the united states on behalf of satyam ADRs(American Depository Receipts) of the recent years