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iGate, an outsourcing services provider, had said last month it would be interested in buying Satyam and that it was in talks with private equity firms for possible funding of any deal, joining other potential bidders like Larsen and Toubro. "My interest has progressively been coming down with every passing day. And my concern is that the restatement of financial statements will take anywhere from three to six months," Phaneesh Murthy told Reuters in a telephone interview from Fremont in California.
"We are not getting any comfort that the government will actually pick up liabilities and I think the government stand publicly is that they will not pick up any liability," he said, referring to Satyam's legal and other liabilities. "I have very little interest or no interest left in this company right now."
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