Satyam Computer with New Board Members Deepak Parekh, New Chairman

Fraud-hit Satyam Computers will get a new accounting firm in 48 hours to restate the company's financial position and publish the third quarter results, Deepak Parekh, one of the three new board members named by the government, announced on Monday.


Parekh made the announcement at the end of the first meeting of the new board which also includes former NASSCOM chief Kiran Karnik and former SEBI member C Achuthan.


"A new independent accounting firm will be appointed in 48 hours to restate the financial position and publish the Q3 results," Parekh, chairman of Housing Development Finance Corporation (HDFC), told a crowded press conference here.


"More members will be appointed to be board soon. The full board will elect the chairman," he said.


"The top priority is to restore the confidence of customers, employees, suppliers and investors. Satyam has a lot of marquee customers, so the sustainability of service is a priority," he said

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