The economic offences wing of the state's Criminal Investigation Department (CID) will attempt to figure out who benefited from the alleged swindle.
130 statues of huge elephants, were placed in parks in Noida and Lucknow during Mayawati's tenure. Her party's symbol is the elephant.
Police raids at government offices have reportedly revealed that corrupt officials overpaid contractors to build the statues.Sub-standard material was allegedly used. Statues that should have cost only Rs 5 lakh were bought by a state-run agency for 60 lakhs each.
Explaining why he believes Rs 40,000 crore may have been scammed, Mr Yadav said the land used for the parks must be accounted for. "You will not add the cost of the building which was
constructed and later demolished (for the parks)," he said today.
Mayawati's party, the Bahujan Samaj Party (BSP), says that Mr Yadav's calculations are inexplicable. "He should wait for the investigation to be completed before announcing any figures," said Swami Prasad Maurya, the state unit president of the BSP.