The Satyam scandal continued to haunt Reddy, who was here in Chennai to project Andhra Pradesh as an ideal investment destination at the seventh Pravasi Bhartaiya Divas meet.
Asked if the scandal would take the sheen off the state, he replied that such scandals would definitely have an impact on the FDI inflows and that he would "look into it and hope to control the damage" at the earliest.
When queried about the status of the Satyam fraud, Reddy said, "CB-CID is already looking into the matter and they will update me once I am back in the state."
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Commenting about Ramalinga Raju, Satyam's ex-Chairman and Reddy's long-time friend, the Chief Minister said: "It is a very unfortunate situation. None of us expected this and this has come as a shock."
Speaking on Maytas Infrastructure Ltd, the company owned by Ramalinga Raju's son which brought the skeletons in Satyam's closet out in the open, Reddy said, "They are part of the consortium and as long as their project is viable, we have no worries."
Maytas Infrastructure is a partner in the proposed Hyderabad metro rail network. The Maytas-led consortium - Navabharat Ventures Ltd, Ital Thai Development Public Company and IL&FS — bagged the Rs 12,000-crore order from the Andhra Pradesh government to execute the project on build, operate and transfer basis.
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