Continuing her tirade against Union Finance Minister P Chidambaram on
participatory note issue, AIADMK leader J Jayalalithaa on Thursday
demanded his resignation from the Union Cabinet or his dismissal.
In a statement, she said Union Finance Ministry and market regulator
SEBI were ineffective in regulating investments coming from abroad.
Claiming that she has proof to back her allegation that the P-notes
were being issued to unknown persons, she said SEBI had slapped a fine
of Rs One crore in September 2006 on Mauritius company Goldman Sachs
Investment for its failure to report the issuance of P-notes to
Mauritius based Magnus Capital Corporation, which was a violation.
But Securities Appellate Tribunal set aside the SEBI's order as it
felt SEBI was not justified in asking foreign institutional investors
(FIIs) and their sub accounts to file undertakings in a revised
format.
"The case is not only a loss of face for SEBI, it is also a clear
indication that Union Finance Minister's claim that investments from
abroad are being adequately monitored is a lie," she said.
"Why should the Union Finance Minister lie on a matter concerning
national security? Are we to infer that he has certain vested
interests in doing so? Now that his lie has been publically nailed,
will he quit office? If he refuses to do so on his own, will the Prime
Minister throw him out and direct CBI to investigate what is
happening," she asked.
1 comment:
The swindled money of Indian politicians are deposited in the switzbank is about 68 lakhs crores as per the recent speech of Director reserve bank of Switzerland.These black moneys can be legalised and insertd in to Indian economy for Industrial growh.The stock market crash from Jan08 ,inflation ,IIP etc to till date is total failure of Indian economy and the UPA government is held responsible and answarable to Indian Voters in the forth comming Loksabha elections.
Post a Comment