The interim CEO of Satyam Ram Mynampati no longer stands as the CEO after the Government disbanding the Satyam Board. While it seems very unlikely that Ramalinga Raju was the only one to cook up the accounting books of Satyam and none of the Board members had any idea about the multicrore scam under the Satyam bed, Ram Mynampati surely has many questions to answer.

Market regulator SEBI’s probe team quizzed Satyam’s dislodged interim CEO Ram Mynampati for the third straight day in connection with
the Rs 7,800 crore fraud disclosed by company founder Ramalinga Raju on Saturday.

The three-member SEBI team, led by its southern region general manager A Sunil Kumar, has been interrogating Mynampati and other officials to find out facts related to the finances of the company, sources said.

“Ram has been responding to the SEBI questions and providing whatever information was available,” a spokesman for Ram said. Ram, however, remained incommunicado after Thursday’s press conference and the company officials said it was “impossible” to contact him by any means.

Sources said the SEBI team seized certain vital documents from the company’s corporate office here as part of its probe. It is learnt that the SEBI team would continue the probe for the next few days.

Meanwhile, Satyam employees have been barred from speaking to the media and a firewall has been reportedly installed on all internal computer systems
to block outgoing emails. “We are being closely monitored and our every move under watch. Our communication channels with outside world have been snapped,” one Satyam executive said.

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