MFC scam takes CM by surprise

The multi-crore scam in Minority Finance Corporation has taken chief minister Kiran Kumar Reddy by utter surprise and now he is planning to inspect the performance of all the institutions pertaining to minorities, so that no irregularities remain in any institution.

Sources of the chief minister’s office told that after the exposure of the multi-crore scam in Minority Finance corporation, chief minister has discussed the matter with CID, Finance department and other departments and sought their opinion to improve the performance of minority welfare institutions.

Considering his sway over the affairs and performance of minority institutions, government is mulling over a forming an investigative team under Mohammed Rafath Ali’s supervision.

Siasat news