The government on Friday announced the appointment of Nasscom past-president Kiran Karnik as chairman of its six-member board a day after A S Murty was named as the CEO of the company.
The announcement was made by corporate affairs minister P C Gupta. Gupta, said that the probe of the government had extended to cover 325 companies and 25 individuals linked to Satyam as well as the auditor Price Waterhouse.
The government initially had constituted the board of Satyam with three members that includes Karnik along with HDFC chairman Deepak Parekh and past presiding officer of Securities Appellate Tribunal C Achutan. Later, government expanded the Satyam''s board by nominating three more members including CII chief mentor Tarun Das along with LIC nominee S Balakrishna Mainak and past president of ICAI T N Manoharan.
Karnik, who will head Satyam, was Nasscom president in 2001-02 and has earlier held several key positions in the IT sector.
Apart from this, the minister also said that there was nothing wrong in Satyam''s new CEO A S Murty selling about 40,000 shares of the company days ahead of an acquisition announcement.
The announcement was made by corporate affairs minister P C Gupta. Gupta, said that the probe of the government had extended to cover 325 companies and 25 individuals linked to Satyam as well as the auditor Price Waterhouse.
The government initially had constituted the board of Satyam with three members that includes Karnik along with HDFC chairman Deepak Parekh and past presiding officer of Securities Appellate Tribunal C Achutan. Later, government expanded the Satyam''s board by nominating three more members including CII chief mentor Tarun Das along with LIC nominee S Balakrishna Mainak and past president of ICAI T N Manoharan.
Karnik, who will head Satyam, was Nasscom president in 2001-02 and has earlier held several key positions in the IT sector.
Apart from this, the minister also said that there was nothing wrong in Satyam''s new CEO A S Murty selling about 40,000 shares of the company days ahead of an acquisition announcement.
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