Maytas Infra and Maytas Properties are promoted by the family of B. Ramalinga Raju, the disgraced founder of the fraud-hit Satyam Computers.

Raju stunned corporate India Jan 7 by admitting the accounting fraud. The accused face charges of cheating, criminal conspiracy, falsification of records and forgery.

The scam-hit company was later taken over by Tech Mahindra, the IT arm of the Mahindra group.

Khursheed said his ministry was happy with the recent developments in Satyam after Tech Mahindra bought the IT major.

'We have no reasons to be dissatisfied as this is a success story having moved from crisis to rehabilitation. For the present, we are happy with the progress but a lot more has to be done,' he said.

Asked about Mahindra Satyam firing some employees, Khursheed said the ministry looked at the pattern of entire software industry and did not find it unusual.

He added that there was no serious concern or problem about criminal liability as far as Mahindra Satyam was concerned.

'But there are problems for them as far as American litigation is concerned. They are in touch with us as to how we can be of any further help. We will certainly examine that.'

When asked if the ministry would take action against PriceWaterhouse Coopers, the auditors of the fraud-hit Satyam, Khursheed said the government was waiting for the Institute of Chartered Accountants to report on the matter.