US court orders fresh proceedings into claims against Satyam

Sep 18 2013, 09:08 IST
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SummaryErstwhile Satyam Computer Services had fraudulently induced US-based Venture Global Engineering into a partnership.

publicly traded company and was audited, liquid, and financially stable. The Trust later formed a separate legal entity, VGE, which eventually formed a JV in the year 2000 with Satyam. The relationship, however, soured in 2005 and the matter reached arbitration.

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