Upaid seeks Satyam officials' testimony

Upaid Systems, a UK-based mobile payment services provider, on Thursday said it is asking a US court to seek a testimony from top Satyam officials in connection with the Indian co’s abortive attempt to buy two firms.

HYDERABAD: Upaid Systems, a UK-based mobile payment services provider, on Thursday said it is asking a US court to seek a testimony from top Satyam officials in connection with the Indian company���s abortive attempt to buy two firms linked to its founder.
Upaid said it is making the move because of the possibility of Satyam depleting its assets by acquiring the firms for $1.6 billion ahead of a judgment in a legal battle it is fighting against the Indian IT firm.

Satyam declined to comment, saying the matter was sub-judice.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Software › Upaid seeks Satyam officials' testimony
Text Size:AAA
Success
This article has been saved

*

+