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Karnataka Cancels Maytas Contracts

Quick on the heels of the Satyam scam that also had repercussions on the functioning of Maytas company being run by the family of the ex-chairman of Satyam Computer Services Ramalinga Raju, the state government has cancelled the contracts awarded by it to Maytas Company, relating to the construction of Shimoga and Gulbarga airports.

This information was given by the state chief minister B S Yeddyurappa during his chat with the press at his home cum office, 'Krishna' here on Wednesday January 28, after the high-level meeting gave its assent for the above step. The step had to be taken as the government had no faith that Maytas Company would be able to complete the contracted work within the allotted time, he explained.

"The responsibility of undertaking the process of re-tendering work has been entrusted to the chief secretary. He will soon convene a meeting of officials and take suitable decisions," he explained.

Source: Daijiaworld


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