CPM general secretary Prakash Karat in a letter to Prime Minister Manmohan Singh has urged him to intervene and ensure the ongoing probe into the Satyam fraud was extended to include all Maytas concerns for restoring public confidence. He charged that several Maytas dealings were irregular and violated the law.
The demand coincided with the Congress-led Andhra Pradesh governments announcement to rule out a probe into the contracts awarded to the two companies promoted by the family of tainted Satyam founder Ramlinga Raju.
In the letter, Karat said, a probe by the Serious Fraud Investigation Office into the Satyam Computer Services Ltd was not sufficient given the nexus between Satyam and the Maytas companies.
“Since the fraudulent dealings of the promoter of Satyam Computers Services became public, there is growing evidence that funds were siphoned off from Satyam to the Maytas group of companies which are run by the family members of Ramalinga Raju,” Karat said.
Karat, further pointed out that huge tracts of real estate had been accumulated by the Maytas group of companies all over Andhra Pradesh and in some other states. “Even in the Hyderabad Metro Rail Project, Maytas company has been given prime land.
Some of the land dealings are obviously irregular and are violate of the law. One such instance is the allotment of 50 acres of government land in Vishakapatanam district to Satyam Computers Ltd,” he contended.
The CPM has demanded that the assets of Satyam and Maytas be confiscated to pay the salaries to the 53,000 Satyam employees.
Karat told the Prime Minister that in December 2008, EAS Sarma, former secretary of the government of India had written to the state authorities regarding the violation of the Vishakapatanam Urban Development Authority’s master plan and the CRZ regulations in handing over this land, Karat attatched a copy of the document with his letter.
Calling for the investigation to “uncover all uncover all the illegal dealings of these companies is essential to restore public confidence,” Karat charged that the Satyam-Maytas combine was embroiled in several similar land deals.
The demand coincided with the Congress-led Andhra Pradesh governments announcement to rule out a probe into the contracts awarded to the two companies promoted by the family of tainted Satyam founder Ramlinga Raju.
In the letter, Karat said, a probe by the Serious Fraud Investigation Office into the Satyam Computer Services Ltd was not sufficient given the nexus between Satyam and the Maytas companies.
“Since the fraudulent dealings of the promoter of Satyam Computers Services became public, there is growing evidence that funds were siphoned off from Satyam to the Maytas group of companies which are run by the family members of Ramalinga Raju,” Karat said.
Karat, further pointed out that huge tracts of real estate had been accumulated by the Maytas group of companies all over Andhra Pradesh and in some other states. “Even in the Hyderabad Metro Rail Project, Maytas company has been given prime land.
Some of the land dealings are obviously irregular and are violate of the law. One such instance is the allotment of 50 acres of government land in Vishakapatanam district to Satyam Computers Ltd,” he contended.
The CPM has demanded that the assets of Satyam and Maytas be confiscated to pay the salaries to the 53,000 Satyam employees.
Karat told the Prime Minister that in December 2008, EAS Sarma, former secretary of the government of India had written to the state authorities regarding the violation of the Vishakapatanam Urban Development Authority’s master plan and the CRZ regulations in handing over this land, Karat attatched a copy of the document with his letter.
Calling for the investigation to “uncover all uncover all the illegal dealings of these companies is essential to restore public confidence,” Karat charged that the Satyam-Maytas combine was embroiled in several similar land deals.
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