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Senior Advisor to Faust To Appeal Indian Court Guilty Verdict

2014-12-12 06:33:57| IT Services - Topix.net

Business School professor Krishna G. Palepu said that he will appeal an Indian court's ruling that found him guilty of failing to obtain government approval for fees he charged for consulting services provided to Satyam Computer Services. The ruling, announced Monday, ordered that Palepu pay a fine of 2.66 crore rupees, or about $430,000, according to the American Bazaar , an amount Palepu said represented excessive compensation he received from the company.

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