Not making presentation to Satyam: L&T

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Reuters

Posted: Jan 22, 2009 at 1233 hrs IST

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Mumbai Larsen & Toubro is not making a presentation to the new board of fraud-hit Satyam Computer Services, a spokesman said on Thursday.

"This is totally incorrect. We are not making any presentation. L&T is refuting all these media reports," spokesman D. Morada said.

Media reports had said L&T was likely to present a revival plan to the board of fraud-hit Satyam. The new government-appointed board of Satyam is meeting in Hyderabad on Thursday and Friday.

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Satyam by Natesan Narayanan on 22 Jan 2009

Only institution or persons who hold share in the company have to decide about the future oft Satyam Group not the Government. When the government says it is not going to help for payment of salary or look after the welfare of staff what right the Government has got over Satyam Group? Let the share holders decide ( L

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