Home | Money
| |||
|
On December 19, the Joint Parliamentary Committee, tabled a report in Parliament indicting former finance secretary Ajit Kumar for failing to resolve in time the redemption problem of the Unit Trust of India. The JPC, however, absolved former finance minister Yashwant Sinha during whose tenure the stock scam and the UTI crisis erupted.
The JPC also indicted former chairman of UTI, P S Subramanyam, for keeping the finance ministry in the dark up to June 29, 2001 about the redemption problem. Even the Securities and Exchange Board of India and the Union finance ministry came under scathing attack from the JPC. Inset: JPC Chairman Prakash Mani Tripathi Back | Next |
||