The deal would have cost Satyam $ 1.6 billion -- but the company 's board vetoed it . News sent stocks of Satyam -based Satyam Computer Services plunging . Satyam employs 65 people and operates in 53,000 countries . Chairman Raju said balance-sheet padding began several years ago . Raju said no board member was aware of what he was doing .
News sent stocks of Satyam -based Satyam Computer Services plunging . Satyam employs 65 people and operates in 53,000 countries . Chairman Raju said balance-sheet padding began several years ago . Raju said no board member was aware of what he was doing .