THE SATYAM SAGA

Jan 7, 2009: Chairman of Satyam B R Raju resigns confessing $1.47-billion manipulation in accounts Jan 10, 2009: Company Law Board (CLB) bars board of Satyam from functioning and appoints 10 nominal directors Jan 11, 2009: Government nominates Deepak Parekh, Kiran Karnik and C Achuthan to Satyam’s board

Feb 5, 2009: Government designates A S Murthy to be the new CEO of Satyam

April 13, 2009: Tech Mahindra buys a 46% stake in Satyam via a formal public auction