Wednesday, January 7, 2009

Mind-boggling fraud will be probed: YSR

New Delhi: Terming the Satyam Computers' financial fraud as "mind-boggling", Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy on Wednesday said his government would order an inquiry into the "fudging" of accounts and do "whatever is needed to be done". "The total figures are really mind-boggling," and as per the statement of Ramalinga Raju, the "fudging" of accounts was a "fraud", Reddy told a press conference when asked to comment on the collapse of the Hyderabad-based IT company.
"We will ask the CB-CID to hold an immediate preliminary inquiry to look at the criminal angle into the entire episode," he said. When asked why not Raju be arrested as per his own statement, Reddy said "that is what I am trying to tell. We will take every possible step. Whatever is needed will be done". The Chief Minister said that he would also ask his officials to look into various problems and issues concerning this episode.

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