Satyam Computer Services, the company at the centre of one of India’s largest corporate scandals, was on Thursday fighting for survival as managers moved to appoint a new auditor and an investment bank to find a buyer. Interim managers of India’s fourth largest software company, whose chairman B. Ramalinga Raju on Wednesday resigned after confessing to fraud worth more than $1bn, said its accounts had been so thoroughly manipulated they were not even sure it had the cash to last out the month. Investigators are expected to focus on the role of Satyam’s long-time auditor, Price Waterhouse, in the scandal.
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