The fraud hit Satyam Computer Services today said the company has won new purchase orders and work extensions totaling over $250 million, since 7 January, when its former chairman confessed on fraud and fudging of accounts.
The recent successes include a single order for $50 million and multiple orders from across various industry verticals, technologies and geographies, the company said in a press release.
Satyam also said its board has approved the process for inviting a strategic investor and decided to seek regulatory approvals early next week.
The board has also recommended the Ministry of Corporate Affairs for the removal of Price Waterhouse Coopers (PWC) as the statutory auditors of the company. PWC had earlier tendered its resignation to act as auditors.
