"The government will soon decide in which form the inquiry should be conducted as the Lokayukta has also given a report against several persons, including ministers," Akhilesh said when asked whether a CBI probe would be ordered into alleged irregularities in installation of statues.
He said that an inquiry was already being conducted and it would be seen what other type of probe could be conducted.
On being asked about alleged Rs 5,000 crore scam in installation of statues and stones, Akhilesh said that media persons should not say that quantum of scam was less.
"We have said during election time that large scale scam has been committed. An account of Rs 40,000 crore would emerge and the government would take out the account," he said.
He said that when the cost is worked out, cost of land is not taken into account.
"You will not add the cost of the building which was constructed and later demolished...Wastage into construction of boundary wall again and again is not taken into account," he said.
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"The palm trees which are being talked about..If you take information a number of trees are lying in Jiyamau and large number have been buried in ponds," he alleged.
"As of now a few elephants have been recovered...If further investigation is done then the number of statues will be much higher. I congratulated police that they investigated the matter," he added.