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Grand opposition alliance in the backdrop of Satyam scam

The Satyam scam has finally started making its presence felt on the politics of Andhra Pradesh. Announcing a grand non-Congress
alliance, Telangana Rashtra Samithi president K Chandrasekhara Rao said on Thursday there was no question of sailing with Congress after the Satyam scam.

At a joint press conference in Hyderabad on Thursday, TDP chief N Chandrababu Naidu, CPM state secretary B V Raghavalu and CPI leaders Survaram Sudkhakar Reddy and K Narayana accused chief minister Y S Rajasekhara Reddy of "personally negotiating with some companies the possible takeover of Satyam Computer Services'' before former Satyam boss Ramalinga Raju admitted to the fraud. The leaders said the Satyam episode was a "Rajasekhara Reddy-Ramalinga Raju joint scam'' and hinted that the CM was aware of the state of affairs at the company much before it became public.

The press conference was held after a four-hour meeting of the new alliance partners at the residence of the TDP chief. Chandrasekhara Rao said he had decided not to keep any track with Congress after the Satyam scam came to light. The leaders said there was enough evidence to prove that the CM had an interest in Satyam.

On the Congress charge that it was the TDP chief who had promoted Ramalinga Raju, Chandrasekhar Rao said: "Yes, it was Naidu who made Ramalinga Raju share the dais with the then US President Bill Clinton. At that time, Satyam's dealings were clean and it was among the top companies. But things changed after YSR became CM. YSR should also explain whether he was informed by Ramalinga Raju about his plans to take over Maytas.''

Source: TOI


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