CPM urges Centre to protect jobs of Satyam employees | india | Hindustan Times
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CPM urges Centre to protect jobs of Satyam employees

india Updated: Jan 26, 2009 06:32 IST

The CPI(M) has asked the Union Government to immediately attach properties of Satyam Computers and protect jobs of its employees.

"Instead of a bailout package for Satyam, the Government of India could attach properties of the beleaguered company and save the jobs of employees," CPI(M) politburo member Seetaram Yechuri has said.

He said eight companies, promoted by B Ramalinga Raju, were already under scrutiny after the fraud in Satyam Computers came to light.

"If properties of these companies are confiscated, the jobs of employees can be saved," he felt.

Replying to a question, Yechuri said political nexus was obvious in the Maytas Infra affair.

"The question as to why Y S Rajasekhara Reddy favoured only one company and entrusted multi-crore rupee contracts is very legitimate. The government and the ruling Congress party should answer this question," he said.

Referring in particular to the Rs 12,210 crore Hyderabad Metro Rail Project that was handed over to the Maytas-led consortium, Yechuri pointed out that a person of the stature of E Sreedharan, the Delhi Metro chief, raised several questions related to the land deals and other aspects.