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Singapore, Malaysia watching situation

SINGAPORE: The fraud in corporate governance at Satyam and also the Indian efforts to contain its possible fallout are being watched closely by authorities and experts in Singapore and Malaysia. The company had made what observers saw was a significant footprint in this region.

In Singapore, where the firm set up office for its Asia Pacific outreach, efforts by this correspondent to elicit an official reaction to the crisis have not been successful. The India Business Forum here, affiliated to the Confederation of Indian Industry, does not also wish to comment on the issue, although Satyam is a member of this group.

In Malaysia, where Satyam started a development centre, the attitude is one of monitoring the evolving situation. However, the crisis-hit company is said to have begun contacting its regional clients to reassure them of its continued commitment to serve them, according to a top official.

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