Legal | Maytas Infra seeks to be excluded from US case

Legal | Maytas Infra seeks to be excluded from US case
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First Published: Thu, Dec 17 2009. 10 48 PM IST
Updated: Thu, Dec 17 2009. 10 48 PM IST
New York: Maytas Infra Ltd, which Satyam Computer Services Ltd sought to buy a month before touching off India’s biggest corporate-fraud inquiry, said it doesn’t belong in US investor lawsuits against Satyam.
Maytas Infra asked a federal judge in New York to drop it from the litigation in a filing on Wednesday. It said the US courts have no jurisdiction over it.
Maytas Infra is an Indian company with no presence whatsoever in the US, it wrote in court papers. The Satyam investors cannot even allege that Maytas Infra engaged in any of the fraudulent conduct alleged in the complaint.
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First Published: Thu, Dec 17 2009. 10 48 PM IST