TEXT-Satyam chairman Ramalinga Raju's letter

BANGALORE, Jan 7 (Reuters) - The chairman of India's Satyam Computer Services (SATY.BO) (SAY.N) resigned on Wednesday, saying profits had been inflated over the last several years.

Following is the text of his letter, which was released by the Bombay Stock Exchange.

Note: references using Indian numerical system of crores and lakhs have been converted to Western system. -------------------------------------------------------------

To the Board of Directors

Satyam Computer Services Ltd.

From B. Ramalinga Raju

Chairman, Satyam Computer Services Ltd. January 7, 2009

Dear Board Members,

It is with deep regret, and tremendous burden that I am carrying on my conscience, that I would like to bring the following facts to your notice: