Business Today

Whatever happened to Ram Mynampati?

One-and-a-half years after Satyam founder Ramalinga Raju's I-cooked-the books e-mail landed up in the inboxes of Satyam's board members, the man is yet to be sentenced.

     Print Edition: June 13, 2010

One-and-a-half years after Satyam founder Ramalinga Raju's I-cooked-thebooks e-mail landed up in the inboxes of Satyam's board members, the man is yet to be sentenced. And Satyam's results for the period between 2000 and 2008, when Raju undertook some creative accounting, is yet to be restated.

Even as Ramalinga Raju, former CFO Srinivas Vadlamani and former MD Rama Raju languish in hospitals and jails, one question begs an answer: What's happened to Ram Mynampati? The former Executive Director and interim CEO of Satyam (after Raju's resignation) flew to the US in early 2009. Later, in June 2009, Mynampati put in his papers. Ever since, courts have sent summons to Mynampati several times to question him about his role at Satyam.

Finally, late last month, Mynampati's counsel replied to a Hyderabad court's summons sent to his US residence. It's still not clear where the former interim CEO of Satyam is (though this could not be independently confirmed, one company insider says he was seen earlier this year at a Philadelphia temple) or what legal action he is likely to take if found guilty.

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