Thursday, January 29, 2009

Lok Satta asks Babu to disclose full facts: Heritage affair

The Lok Satta Party today wanted leader of the Opposition and former Chief Minister N. Chandrababu Naidu to disclose full facts concerning Heritage Foods’ deals and dispel people’s apprehensions over their legitimacy.

Referring to the controversy kicked off by the expose in Telugu daily ‘Sakshi’, the Lok Satta party said that the Heritage Foods’ promoters who include Mr. Chandrababu Naidu’s family should remember that a Ceaser’s wife should be above suspicion.

Briefing the media, party spokesman Katari Srinivasa Rao and Working Committee member Laxman Balaji said that regulatory agencies like SEBI should look into allegations of malfeasance and take appropriate action since Heritage Foods is a listed company. But that should not detract the promoters’ family from taking the public into confidence without taking shelter behind a technical and legal facade.

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