Skeletons from Satyam cupboard can be disturbing. As you mentioned Prof Palepu on its board is one of the corporate irony.
1. Incidentally, he was on board of another Indian company (Dr Reddy’s Lab) upto that time and quit after 2009. DRL got land in 2003 through a deal where they bought satyam institute of e business, subsidiary of sify, which in turn was subsidiary of satyam.
2. Among the directors on board of satyam who approved Maytas deal were Krishna Palepu, professor at Harvard, it was reported by WSJ same time.
3. SFIO charged & argued that Krishna Palepu should pay back professional charges of Rs 2.66 crore stating it was paid to him by satyam illegally.
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