Satyam Scam : Maytas Infra ex-Chairman R.C. Sinha misleading ,admits to hold directorship of two other MADC beneficiaries companies

Satyam Scam : Maytas Infra ex-Chairman R.C. Sinha misleading ,admits to hold directorship of two other MADC beneficiaries companies

NAGPUR-29JULY 2010

Whole vidarbha has been shocked to learn the news that the main man behind MIHAN - Multi-modal International Cargo Hub and Airport at Nagpur Shri. R.C. Sinha, I.A.S. presentely working as Vice Chairman & Managing Director, Maharashtra Airport Development Ltd. (MADC)Company in the ranking Addl. Chief Secretary, Govt. of Maharashtra has resigned as chairman of Maytas Infra Pvt.Ltd. as Maytas Infra is company owned by family members of Satyam Computer Services founder and ex.chairman Ramlinga Raju who has alleged to siphoned out Rs.7000 crore for real estate business and Ramalinga Raju's son Teja Raju is the vice-chairman and chief executive of Maytas Infra., defended himself saying Satyam deal had helped push Mihan. He denied there was any conflict of interest in his heading Mihan and also being chairman of Maytas Infrastructure, a company owned by Satyam promoters. He reiterated that he had disclosed his position in Maytas to the "full board" of the MADC. He said "full board" meant even the chief minister, who is ex-officio chairman, attended the meeting. However, the then chief minister Vilasrao Deshmukh had clarified that he was not aware of Sinha's Maytas connection.

MADC managing director R C Sinha has come out with shocking admission that he is till director of Indu Developers Similarly, he has been on Bengal Ambuja board for eight years. This company is a joint venture between West Bengal Housing Board and the Gujarat Ambuja Cements Limited. Indu Developers and Ambuja Realty are reported to have been allotted Mihan land at much cheaper rates but MADC managing director R C Sinha says that there was no clash of interest .

‘Infact companies in which MADC managing director R C Sinha is associated have been benefited ,it matter of pure misuse of power and multi thousand corruption hence we are asking for probe over the matter’ Kishor Tiwari president ( Vidarbha Jan andolan Samiti) asked in a press note today as earlier he in letter to Maharashtra Chief Minister Ashok Chavan asked to arrange C.B.I. enquiry in to involvement of very senior retd. I.A.S officer till working on special duty on sensitive project like MIHAN in which Maytas Infra has been given big land by Maharashtra Airport Development Ltd. (MADC) controlled by Shri. R.C. Sinha.

VJAS has objected the duel status of Shri. R.C. Sinha, as as Vice Chairman & Managing Director, Maharashtra Airport Development Ltd. (MADC) and chairman of Maytas Infra Pvt.Ltd and raised issue of legitimate permission and morality as MIHAN - Multi-modal International Cargo Hub and Airport at Nagpur is dream project of all politicians expecting creation of millions of jobs for vidarbha youths .

VJAS has brought the attention of Maharashtra Govt. over the media reports of diversion huge fund to Maytas Infra Pvt.Ltd in the mega projects of Hyderabad metro rail and others projects in pipeline .VJAS has urged administration that MADC managing director R C Sinha is making the statements like he is man beyond the law of land and he has obliged Maharashtra Govt. to bring his own companies in MIHAN and now the whole matter needs scanner and clarification, Tiwari added.