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'CID probe into Satyam fraud only to save Raju'

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

Updated on: Feb 09, 2009 04:42 PM IST
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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.

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"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.

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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