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Thread: Advani for judicial enquiry into Satyam fraud

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    Advani for judicial enquiry into Satyam fraud

    Advani for judicial enquiry into Satyam fraud


     


    Describing the Satyam fraud as a "government scandal", senior BJP leader L K Advani on Thursday (February 12) demanded a judicial enquiry into the country's largest corporate scam.

    "Satyam (case) and Maytas and what not, Sakshi, a channel, a newspaper. I say, it is not a corporate fraud. Not a corporate scandal but a government scandal," BJP's prime ministerial candidate Advani said at the FICCI Annual General Meeting in New Delhi.

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    It is impossible to carry out such a huge fraud, involving allotment of lucrative land and plum infrastructure contracts, without the involvement of those in power in Andhra Pradesh, he added.

    Advani said that a CBI probe was insufficient and a judicial probe was needed into the case for the truth to be known.

    "CBI enquiry is not enough. CBI enquiry will only tell the court that assets were brought in false name. A judicial enquiry is needed, commission of enquiry is needed," he said.

    "That all is not well with our corporate sector has been brought home with dramatic effect by the Satyam/Maytas scandal. You (the corporate world) are getting a bad name due to the case," he added.

    The Andhra Pradesh police had arrested Satyam founder Ramalinga Raju and others in connection with the Rs 7,800 crore accounting fraud in Satyam.

    Subsequently, Andhra Pradesh Chief Minister Y S Rajasekhara Reddy had recommended a CBI probe into the fraud, which has dented India Inc's image globally.


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