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Wednesday, August 01, 2001

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PMO denial

By Our Special Correspondent

NEW DELHI, JULY 31. The Prime Minister's Office (PMO) today categorically said none of its officers had ever spoken to the former Unit Trust of India Chairman, Mr. P. S. Subrahmanyam, about making investments in Cyberspace Infosys Limited, a Lucknow-based company whose promoters are now in the dock on charges of defrauding the public and the UTI. Sources in the PMO today told The Hindu that their attention had been drawn to the reports in a section of the media alleging that the PMO tried to influence the UTI into investing in Cyberspace Infosys Limited. ``It is clarified that no officer in the PMO ever spoke to the former UTI Chairman, Mr. Subrahmanyam, in this regard,'' the sources said. Recently, there were media reports that the cell phone records of Mr. Subrahmanyam had revealed that he had spoken to officers in the PMO on July 20 last year, a day before the UTI reversed its decision not to accept the private placement offer of Cyberspace Infosys Limited. Similar allegations were made in the Rajya Sabha on Monday by the Shiv Sena MP, Mr. Sanjay Nirupam.

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