The six-member Board of Satyam will begin a crucial two-day meet in Hyderabad on Thursday in an effort to steer the company away from the current crisis following the Rs 7,800 crore financial fraud.
The meeting is the third since the disclosure of the fraud by its head Ramalinga Raju. The Board has the important task of appointing Chief Executive Officer and Chief Financial Officer, the two key posts being looked at for reviving the company.
Meanwhile, the police custody of Ramalinga Raju, the disgraced former head of the company, also ends on Thursday.
Four petitions will come up in Nampally court in Hyderabad on Thursday morning. Those are the CID extension for police custody, Raju's bail petition, SEBI petition to be able to question Raju and Raju's petition for special status inside prison.
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