No favour being given to Mahindra over Satyam deal: Govt

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No favour being given to Mahindra over Satyam deal: Govt

Corporate Affairs Minister Salman Khurshid today said that the arrest of R Vasudevan, the CLB official who was caught red handed by the CBI accepting bribe does not put a question mark on the Mahindra Satyam deal.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » RELATED NEWS Govt not to relook at arrested CLB member's probe SFIO to start prosecution in Satyam scam this month: Govt ALSO READ See latest News about Mahindra Satyam See previous management interviews See what other Experts & Brokerages are saying about Mahindra Satyam BSE | NSE 10/02/12

Corporate Affairs Minister Salman Khurshid today said that the arrest of R Vasudevan, the Company Law Board (CLB) official who was caught red handed by the CBI accepting bribe does not put a question mark on the Mahindra Satyam deal.

"The Serious Fraud Investigation Office (SFIO) has an autonomous independent investigative mandates and whatever the ministry has done is based on SFIO investigation. There is no reason for any one to feel that there is any thing lacking and that will become apparent once the courts proceed on the matter."

No favour is being given to Mahindra over the Satyam deal, said Khurshid, adding that there were several levels of scrutiny involved in Satyam case.