350 employees leave Satyam's CSR arm
350 employees leave Satyam's CSR arm
Byrraju Foundation, a non-profit organisation was founded by the Rajus.

New Delhi: Around 350 employees of Byrraju Foundation, a non-profit organisation founded by the family of tainted ex-promoter of Satyam Computer Ramalingam Raju, have quit since the multi-crore rupees scam surfaced in January.

The Foundation now has 850 people on its payroll, down from 1,200 immediately before the scam came to light, Byrraju Foundation CEO Jacob Verghese told PTI.

The employees left as they were told that only a part of their remuneration would be guaranteed as the Raju family would not be able to support the Foundation because of the legal trouble that they are in, he added.

"The Raju family used to provide Rs 10-20 crore out of the annual budget of Rs 30 crore of the Foundation. After the family got into legal trouble, we told the employees that only 40-50 per cent of their salaries would be guaranteed.

Many of them chose to quit," Verghese said.

He, however, claimed many of those who left still work as volunteers on weekends for the initiatives of the Foundation.

On the funding of the Foundation, Verghese said the Rajus provided money out of their own pocket and "not a single penny was taken from Satyam". The same is true for the Rs 30-40 crore per annum funding of EMRI, another

non-profit body set up by the Rajus.

Byrraju Foundation was set up in July 2001 to provide services in healthcare, environment, sanitation, primary education, adult literacy and skills development.

The Foundation works in 200 villages in six districts of Andhra Pradesh.

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