'CID probe into Satyam fraud only to save Raju' | business | Hindustan Times
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'CID probe into Satyam fraud only to save Raju'

business Updated: Feb 09, 2009 16:42 IST
CID probe into Satyam fraud only to save Raju: Naidu

Opposition Leader in Andhra Pradesh Assembly N Chandrababu Naidu on Monday alleged the state government hastily ordered a CID probe into the Satyam scam only to save the company's promoter B Ramalinga Raju.

"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?," Naidu said, initiating a debate on the Satyam Computers scandal in the state Assembly.

The TDP chief said, "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." He claimed it was a clear attempt by the state government to "shield" the fraudsters through the CID probe which had no locus standi in the case.

"The Congress high command has also blocked the CBI investigation into the Satyam scandal only to suppress facts and protect the guilty," the former chief minister alleged.

Naidu said the Congress regime in Andhra Pradesh had "lured" Ramalinga Raju by offering huge tracts of land on a platter, which resulted in the Satyam founder's downfall.

Besides, Maytas Infra and Maytas Properties, promoted by Ramalinga Raju's family, were also given thousands of acres of land indiscriminately, he alleged.

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