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Home > India > Business > Business Headline > Report


L&T starts inspection of Satyam books

BS Reporter in Hyderabad | March 30, 2009 11:02 IST

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A team from India's $7 billion engineering behemoth, Larsen & Toubro, which holds 12 per cent stake in Satyam Computer Services [Get Quote] started inspecting the books of the troubled company.

The team is led by YM Deosthalee, whole-time director & chief financial officer of L&T. Satyam's CEO A S Murty, and his team is understood to have made a presentation.

"The information till now is very sketchy. There's a sense of the fixed assets and the order book position. However, the client list has not been shown. The disclosure level is not up to the company's (L&T's) expectations," said a source privy to the development.

A team from Tech Mahindra [Get Quote] was also at the Satyam headquarters. The members of the government-appointed board of Satyam, camping here for the past two days, continued their discussions on the transparency issues raised by the bidders, it was reliably learnt.


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