It now turns out that Ramalinga Raju not only duped his shareholders but had also charmed former President A P J Abdul Kalam into backing an ambulance service set up by him for a contract in Delhi.
The Satyam founder chairman, now under judicial custody in Hyderabad after admitting a Rs 7,800 crore (Rs 78 billion) fraud, had set up an Emergency Management Research Institute to provide ambulance services in several parts of the country. Kalam was member of its board and has subsequently resigned.
Following reports that he had recommended EMRI for ambulance services contract in national capital, the former President on Thursday confirmed having done so because he was of the view that EMRI-type services were important for saving lives.
"Since our country has been experiencing several accidents and health emergencies, Emergency Response Services for the nation as a whole is very vital," he said.
That is why he had been emphasising for long the need for EMRI-type services, Kalam said. PTI
ICAI says KPMG can't audit...
Text: PTI
Image: A fleet of ambulances acquired by EMRI, Former President A P J Abdul Kalam (inset). Kalam resigned from EMRI board after the Satyam fiasco was unveiled.
Also read: Why World Bank, Wipro kept quiet for so long
| Live updates on money.rediff.com |
|
Advertisement
