Will former Satyam chief Ramalinga Raju's ability to win friends and influence people in the political sphere bail him out of the present crisis?
Given the muted reactions coming from different political parties, critics suspect behind-the-scenes efforts are on to bail out Raju.
Andhra Pradesh Chief Minister YS Rajasekhar Reddy has written to Prime Minister Manmohan Singh to form a management committee comprising Narayanmurthy, Wipro's Azim Premji and TCS's Ramadorai to take care of Satyam.
"We all have to make effort to see that the company survives, the 53,000 employees survive, their order book also survives. So, I have sought the intervention of the prime minister," said the Andhra Pradesh Chief minister.
However, political reactions to the Satyam fiasco have been few and far between.
Members of the Raju community are in despair and why not? Nagarajuna chief K S Raju and Ramalinga Raju are two of the most influential Rajus in India.
But why are the political parties not aghast at the biggest fraud by a Telugu bidda? They say that's because the Raju community even if not politically strong has huge financial clout.
Chandrababu Naidu's friendship with Ramalinga Raju is an open secret, one reason why the Telugu Desam finds itself on the backfoot.
"Previously when we were in power, he was with us. Now, he is with this government. So, whoever is in the government, these entrepreneurs will go to him. For that we do not have to repent for having encouraged the entrepreneur," said Mysoora Reddy, TDP MP and Spokesperson.
Critics however smell a political rat in the deals between Satyam-Maytas and the Andhra government, especially in the Hyderabad Metro Rail project.
"The very fact that Andhra Pradesh government was not putting cash and was willing to offer land free of cost to the project developer in anticipation of future revenues obviously suggests that the land being offered by the government had some kickback portion," said C Kutumba Rao, analyst.
A senior BJP leader, who demanded a CBI probe into Satyam's dealings was reportedly reprimanded by the party leadership, a sign that no political outfit is yet prepared to press the 'delete' button on Raju.
Given the muted reactions coming from different political parties, critics suspect behind-the-scenes efforts are on to bail out Raju.
Andhra Pradesh Chief Minister YS Rajasekhar Reddy has written to Prime Minister Manmohan Singh to form a management committee comprising Narayanmurthy, Wipro's Azim Premji and TCS's Ramadorai to take care of Satyam.
"We all have to make effort to see that the company survives, the 53,000 employees survive, their order book also survives. So, I have sought the intervention of the prime minister," said the Andhra Pradesh Chief minister.
However, political reactions to the Satyam fiasco have been few and far between.
Members of the Raju community are in despair and why not? Nagarajuna chief K S Raju and Ramalinga Raju are two of the most influential Rajus in India.
But why are the political parties not aghast at the biggest fraud by a Telugu bidda? They say that's because the Raju community even if not politically strong has huge financial clout.
Chandrababu Naidu's friendship with Ramalinga Raju is an open secret, one reason why the Telugu Desam finds itself on the backfoot.
"Previously when we were in power, he was with us. Now, he is with this government. So, whoever is in the government, these entrepreneurs will go to him. For that we do not have to repent for having encouraged the entrepreneur," said Mysoora Reddy, TDP MP and Spokesperson.
Critics however smell a political rat in the deals between Satyam-Maytas and the Andhra government, especially in the Hyderabad Metro Rail project.
"The very fact that Andhra Pradesh government was not putting cash and was willing to offer land free of cost to the project developer in anticipation of future revenues obviously suggests that the land being offered by the government had some kickback portion," said C Kutumba Rao, analyst.
A senior BJP leader, who demanded a CBI probe into Satyam's dealings was reportedly reprimanded by the party leadership, a sign that no political outfit is yet prepared to press the 'delete' button on Raju.
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