PM reviews Satyam case with ministers

NEW DELHI: Prime Minister Manmohan Singh on Tuesday held discussions with his senior colleagues in the face of developments in the Satyam Computer Services case, which is billed as the the country's biggest corporate fraud.

External Affairs Minister Pranab Mukherjee, Home Minister P Chidambaram, Commerce and Industry Minister Kamal Nath, Corporate Affairs Minster P C Gupta and Deputy Chairman of Planning Commission Montek Singh Ahluwalia attended the meeting.

Various government agencies and regulators have acted in coordination to deal with the crisis following startling disclosures by B Ramalinga Raju, the founder chairman of the Satyam, unfolding a Rs 7,800-crore scam.

"The Prime Minister is closely monitoring the Satyam developments", a PMO source said.

Nath had said yesterday that the government was open to extending financial support to salvage the troubled IT company.