No favour being given to Mahindra over Satyam deal: Govt

100838 Investors following Mahindra Satyam. Share this News with them.

0

Like this story, share it with millions of investors on M3

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.

Post your opinion here

 

0

Tweet

Share on Tumblr

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 Nifty BSE | NSE 29/05/12 Are Mutual Funds betting on Nifty?

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.