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Examples
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Mynampati denies involvement in co's financial transactions
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U. S.-based Mynampati, who was the president of the commercial and healthcare divisions, has been replaced by Keshav P.nda, C.P. Gurnani told Dow Jones Newswires.
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The judge of the special court issued third time the summons against Mynampati, who is said to be staying in United States, in connection with a case filed by Serious Fraud Investigation Office (SFIO).
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The judge of the special court issued third time the summons against Mynampati, who is said to be staying in United States, in connection with a case filed by Serious Fraud Investigation Office (SFIO).
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Ram Mynampati continues to abstain from court proceedings
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Mynampati said that the company's "liquidity is not very encouraging at this point."
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At a news conference at the company's headquarters in Hyderabad, Mynampati said the company was still uncertain of its financial position and that it was working to find enough cash to meet its obligations to pay employees, suppliers and creditors.
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Mynampati, one of only three members of the company's board who has not tendered his resignation, said that he and other board members had relied on the assurances made by PricewaterhouseCoopers in assessing the company's financial condition and that he had no personal knowledge of the alleged fraud before reading Raju's letter.
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At a news conference at the company's headquarters in Hyderabad, Mynampati said the company was still uncertain of its financial position.
Latest financial, market & economic news and analysis | guardian.co.uk 2009
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Mynampati, who was appointed interim CEO by the residual members of the original Satyam board, was quizzed for nearly three days by market regulator SEBI in the aftermath of company founder Ramalinga Raju's disclosure that he cooked the It firm's books.
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