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MCA open to strategic sale of Maytas Infra

July 17, 2009 18:04 IST
Corporate Affairs Minister Salman Khurshid on said the government will consider strategic sale of Maytas Infra if the company board decides to do so.

"It is up to the board to decide (whether they need any strategic investor)...If they come to us we will consider it," Khurshid said.

He added "... what has happened in the past is what we are examining ... so any proposal that we are making is based on the present account that is available to us."

When contacted, Maytas Infra said they have not approached MCA for any kind of strategic sale. "Right now, our focus is to execute the projects on hand," the company said.

The Ministry has received the final inspection report of the Registrar of Companies (RoC) which found misappropriation of accounts, siphoning of funds and unaccounted money in Maytas Infra. Khurshid said, "We are in touch with government  directors...the report will be put up to me in a week."

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