Is Reddy’s son part of Satyam fraud?
February 09, 2009
There was heated debate in the Andhra Pradesh assembly with regard to the Satyam issue. The leader of the opposition, N Chandrababu Naidu accused the Reddy government for hastily ordering a CID probe into the Satyam Computer scandal to save Raju.

Naidu further said, “When all major laws, including SEBI, FERA, FEMA, RBI and IT were violated and when the company's operations were spread over 66 countries, how can the CID investigation unearth the truth? It was a fit case for Central Bureau of Investigation (CBI) inquiry as the national agency could have co-ordinated with the Interpol to probe deeper into the scandal.”

The TDP leader also portrayed the case as a mere shield to cover the miscreants in the name of CID enquiry, when the case needed a CBI enquiry. This has been done to protect Ramalinga Raju and family, he further commented.

Naidu insisted on a judicial probe by a sitting judge into Satyam, Maytas group and other benami companies that was supposedly promoted by Reddy’s son Jaganmohan Reddy including Heritage foods. All rules were flouted and an immediate intervention by the centre is needed, he said.

News Link
IBM laid off employees to be sent on offshore projects
News Link More Business News
More News
News Arrow  Is Reddy’s son part of Satyam fraud?
News Arrow  IBM laid off employees to be sent on offshore projects