Andhra chief minister helping Satyam’s Raju: Chandrababu (Lead)

February 18th, 2009 - 9:55 pm ICT by IANS  

Ramalinga RajuNew Delhi, Feb 18 (IANS) Telegu Desam Party (TDP) chief N. Chandrababu Naidu Wednesday accused Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy of trying to help Satyam’s disgraced founder Ramalinga Raju, accused in the Rs.70 billion (Rs.7,000-crore) accounting fraud at the IT services firm.
Naidu also alleged that Reddy has accumulated huge wealth by “misusing power”.

“We were constantly demanding a Central Bureau of Investigation (CBI) inquiry into (the Satyam fraud). It was over a month after the scam came to light that the government ordered the CBI probe. Does this not mean that the government is trying to help Raju,” Naidu said.

He said he had even lost faith in the CBI as the investigating agency was working “at the behest of the Congress and has not at all remained an independent body”.

The TDP president said Reddy was also involved in the Satyam scam and “that is why he is continuously trying to save Raju”.

Naidu dubbed Reddy as the “raja (king) of corruption” and said he could make the best corporate guru.

“Reddy has mastery over fraudulent practices like how to make bogus company, how to turn black money into white, how to evade regulatory authorities. With such a vast expertise, he could well prove to be a master guru for corporates like Raju (of the Satyam),” Naidu said.

Naidu said all opposition parties of Andhra Pradesh will Thursday make a joint representation to President Pratibha Patil and Prime Minister Manmohan Singh against the corruption and misuse of power by the state chief minister.

“Since he became the chief minister, he has collected enormous wealth for his entire family by misusing his power and by fraudulent means,” Naidu said.

“We have compiled a report having all the details and we will be presenting it (to the president and the prime minister), demanding strict legal action,” he said.

The report, along with a book reproducing newspaper articles against the chief minister, was distributed to the media.

Leaders of the Communist Party of India (CPI), CPI-Marxist, the Telangana Rashtra Samiti (TRS) and the TDP were also present along with Naidu.

As per the Income Tax returns of his wife, daughter and son, the total family income was pegged at Rs. 41 lakh (Rs.4.1 million), Naidu said, adding that in 2006, while responding to the charges of corruption, the chief minister publicly declared his son’s annual income at Rs.40 crore (Rs.400 million).

“How is this possible?” Naidu asked.

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