Breaking News
Nagaland Post Logo
You are here:  Skip Navigation LinksHome » Show story
EMRI services launched in Meghalaya
Correspondent SHILLONG, FEB 2:
Published on 2 Feb. 2009 11:31 PM IST
Print  Text Size

Emergency Management and Research Institute (EMRI), a brain child of disgraced Satyam founder chairman B Ramalinga Raju has identified six corporates to carry out funding of its free 108 ambulances in nine states. “We have been in talks with six corporates to carry out funding of our company’s projects. We hope to strike a well meaning deal in the days ahead,” chief executive officer of EMRI, Venkat Changavalli said Monday. Raju had conceptualized the EMRI project and, he and his family members provided the seed funding of Rs 37 crore. Satyam provides the sofware solution for the EMRI project under an agreed contract, Changvalli said. “I really don’t know whether the Rs. 37 crores is part of the fraud but we are not going to return it. There is no “reverse flow of fund from EMRI to Satyam,” he said. He said after admitting to the multi-crore fraud in the Satyam, Raju had called up Changvalli and said he was resigning as EMRI chairman. As fallout of the multi-crore corporate fraud, former president APJ Abdul Kalam had also disassociated himself as emeritus chairman of EMRI. Changvalli, however, said that after Raju’s resignation, he has been talking to the former president to reconsider coming back as emeritus chairman of EMRI. He said, “Iam hopeful that the former president will reconsider and come back as Raju is no longer associated with EMRI.” EMRI has started its service in Meghalaya Monday with chief minister Donkupar Roy flagging off its ambulance service in Shillong. Fifteen EMRI ambulances were flagged off. EMRI has signed an agreement with the Meghalaya government and would run Community Health Centers, Public Health Centers and give emergency ambulance support on a Private Public Participation. According to the agreement with the government of Meghalaya, ninety-five per cent of the funds would be provided by the state government and EMRI would chip in five percent to run the project. Changavalli said that Raju after admitting fraud and resigning from his post called him up on January 7 and asked him to continue the good work “independently.” EMRI now is seeking new companies to get software solutions for the company after Satyam’s shares plummeted following Raju’s admission of fraud in inflating the company’s cash balance and is a now talk of the company being sold off. Changvalli, however, made it clear that till a new deal was inked EMRI would continue its association with Satyam for technological support. “Just because Raju had admitted the fraud, does not mean necessarily mean we must delink EMRI from using the software solution of Satyam,” he said.

Comments:(0) Login or Register to post your Comment
(Available for registered users only)
More News