Mumbai: The Satyam scandal is back to haunt the Maharashtra government with the Comptroller and Auditor General of India (CAG) reporting ‘undue’ favours granted to the company that cost the state at least Rs 20 crore.
The state-run agency Maharashtra Airport Development Company Limited (MADCL) allegedly sold huge tracts of land to Satyam in Multimodal International Hub Airport (MIHAN) project at Nagpur at much lower rates, the CAG has pointed out. It, however, is no coincidence that RC Sinha, MD, MADCL—the nodal agency for the project—was also the chairman of the tainted Satyam subsidiary, Maytas Infrastructure. “MADCL allotted 100 acre to Satyam at Rs 18 lakh per acre against applicable rate of Rs 24.28 lakh,” the report said. On the same day, another deal was signed for 100-acre of land at MIHAN to Shapoorji Pallonji and Company Limited. However, the latter was charged Rs 26.30 lakh per acre.
10/05/10 Economic Times
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