A Satyam spokeswoman declined to comment on the reports.

The company's new board, appointed by the government, announced last week that two accounting firms, KPMG and Deloitte Touche Tohmatsu would help it restate accounts to arrive at an accurate picture of the finances of the company.

Satyam's auditors Price Waterhouse, a unit of PricewaterhouseCoopers, also said last week that its audit opinion should not longer be relied upon, as it was based on financial statements that Raju had said were inaccurate for successive years.