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Satyam blame game gets more dramatic
CM Rajasekhar Reddy, TDP chief Chandrababu Naidu now accuse each other’s sons
Suresh Dharur
Tribune News Service

Hyderabad, February 15
The political slugfest over Satyam fraud is now acquiring a new dimension with family members of major parties being dragged into the scam.

After hurling mutual charges of promoting the disgraced former chairman of Satyam B Ramalinga Raju, Chief Minister Y S Rajasekhar Reddy and TDP president N Chandrababu Naidu are now pointing accusing fingers at each other’s sons.

Naidu has alleged that Chief Minister’s son and businessman Y S Jaganmohan Reddy was the beneficiary of the fraudulent practices of Satyam founder.

“Fourteen companies run by Chief Minister’s son and other family members were used by Raju to launder money,” the Opposition leader said. These companies allegedly received Rs 600 crore through dubious routes and the same money was invested in Jagathi Publications, the publisher of Telugu daily “Sakshi”, owned by Jaganmohan Reddy.

The opposition party has alleged “nexus” between the ruling Congress bigwigs and the firms owned by Ramalinga Raju’s sons-Maytas Properties and Maytas Infra. Several projects, worth over Rs 50,000 crores covering irrigation, infrastructure, roads and ports sectors, have been awarded to Maytas without following proper procedures, the TDP leader alleged.

“It is very clear that the government is bent upon shielding the Satyam fraudsters. The institution of the state CID inquiry is a reflection of this,” Naidu said.

Naidu also charged the Chief Minister’s son with violating foreign direct investment rules, Securities and Exchange Board of India norms, Registrar of Companies guidelines and the provisions of Foreign Exchange Regulation Act.

The Chief Minister hit back at Naidu, saying it was during the previous TDP rule that Ramalinga Raju had received state patronage in a big way at the cost of other industrialists. In return, Satyam Computers had donated large sums of money to NTR Trust, promoted by Naidu.

Congress chief whip in the Assembly Kirankumar Reddy alleged that Satyam had financed the educational expenses of Naidu’s son N Lokesh in the United States to the tune of $ 1 million.

Denying the charge, Naidu said: “If my son has committed anything wrong, put him in jail. But, do not make such irresponsible allegations. Do you think I am not in a position to provide good education to my son?”

Naidu even went a step further, claiming that he brought up his son well by inculcating discipline and moral values, unlike the Chief Minister who has been a “bad parent” as he had encouraged his son to pursue fraudulent business practices.



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