Potential buyers approach Satyam

Buyers have begun to circle beleagured outsourcing giant Satyam Computer Services Ltd., which has been fighting for its future since founder and former chairman B. Ramalinga Raju confessed to a $1 billion fraud on Jan. 7, media reports said.

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Raju confesses to fraud, quits

The boss of Satyam, India's fourth-biggest software firm, has quit after revealing false accounts including some $1bn (£663m) in fictitious reserves.

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According to latest reports, Satyam Computers Chairman Ramalinga Raju has submitted his resignation to the Satyam board, following the failed attempt to acquire Maytas group.

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