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Govt moves CLB for revamp of Maytas boards

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Press Trust of India New Delhi

The government is believed to have moved the Company Law Board (CLB) seeking to supercede the boards of Maytas Properties and Maytas Infrastructure - two companies promoted by Satyam's tainted founder Ramalinga Raju.

The Corporate Affairs Ministry had yesterday ordered a 'Serious Fraud' probe into the affairs of the two companies, saying there appeared a "nexus" between the two firms and scam-hit Satyam.

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First Published: Jan 20 2009 | 5:57 PM IST

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