Saturday, January 10, 2009
First Blow to Satyam Employees Bank Slashes Credit Limit On Credit Cards
Hyderabad Jan 10 :The Satyam employees are going through a nightmare. The news of the gigantic fraud in Satyam has caught them unawares. The employees totaling about 53,000 are now not sure about their future in Satyam.
Many have already started searching for alternate jobs and the job portals are getting resumes by the hundreds with ever passing hour.
The first to move in to take preventive action is a bank that issued credit cards to the employees. It has been understood that many Satyam employees where shocked to learn that the credit limit on their credit cards have been slashed by over 90 per cent. They are getting SMSes to this effect on their mobiles
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I am an ex Satyamite and still hold a credit card from ICICI, which I got when I was at Satyam in 2006. Morons at ICICI have silently reduced my credit limit by more than 35% and made by cash withdrawal limit to zero. Is this even legal? I have always been paying off my entire credit card bills every month for the past 3 years!!. ICICI is discriminating anyone who has got anything to do with Saytam. I think they should be sued.
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