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April 3, 2001
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Money > Business Headlines > Report April 3, 2001 |
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JPC probe into multi-billion stock scam likelyThe government is ready for a joint parliamentary committee (JPC) probe into the multi-billion stock market scam if there is a consensus in Parliament for such an inquiry, Parliamentary Affairs Minister Pramod Mahajan said on Tuesday. ''I want to make it crystal clear that the government is not averse to a probe by a JPC'', Mahajan told newspersons New Delhi when he was asked to react to a Congress demand for the setting up of a parliamentary inquiry. He said it was upto the presiding officers of the two houses to decide on the criteria and procedures in consultation with the government. ''The congress is a principal opposition party and if there is a demand from parties for a JPC probe we are not against it'', he said. The Congress on Saturday, commenting that the present scam was a classic clone of the 1992 one, both in style and scale, had demanded the setting up of a JPC to investigate the 'broker-banker-politician link' and go to the bottom of the multi-billion stock market scandal. ALSO READ:
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