It is quite difficult to pass a judgement whether CBI has the competence
to handle complex economic offences but at the same time people should
seriously ponder over G K Pillai's remarks that CBI lacks understanding.
KOCHI, INDIA (Commodity Online):
The resignation of
GK Pillai from the Chairmanship of India's third largest stock exchange,
MCX-SX partially in protest against the Central Bureau of Investigation
probe into currency trading approval given to MCX-SX and Solicitor
General Mohan Parasaran's view that prosecutors (CBI) should not decide
on dropping cases against former Union Minister and Bihar Chief Minsiter
Laloo Prasad in the fodder scam brings to light the declining faith in
India's premier investigating agency.
GK Pillai, a former bureucrat told CNBC-TV 18 that his resignation
was partly in protest against the CBI probe into alleged irregularities
in the approval provided by Securities and Exchange Board of India
(SEBI) for currency derivatives trading of MCX-SX. Pillai pointed out
that CBI doesn't have the competency to handle economic cases of this
magnitude. This clarification on his resignation comes close on the
heels of MCX-SX official version a few days ago that he was resigning on
health and personal reasons.
He said it was unfortunate that probe has been initiated against
upright bureaucrats such as C B Bhave and K M Abraham. The latter did a
commendable job in exposing Subrato Roy, Chairman of Sahara Group and
bringing him to book despite political pressures from several quarters.
He was the person who investigated the Sahara case while he was whole
time director of SEBI and finally leading to Roy's arrest recently.
HOLI BONANZA OFFER !!!!!!
Flat 20% Off an Quaterly Services
Flat 30% Off an Half-Yearly Services
Flat 40% Off an Yearly Services
Flat 50% Off an 2 Yearly Services
Date:- 10th March To 23rd March
www.commoditytipsproviderindore.blogspot.com
www.stocktipsindiamarket.blogspot.com
Call me on 09907222727
Flat 20% Off an Quaterly Services
Flat 30% Off an Half-Yearly Services
Flat 40% Off an Yearly Services
Flat 50% Off an 2 Yearly Services
Date:- 10th March To 23rd March
www.commoditytipsproviderindore.blogspot.com
www.stocktipsindiamarket.blogspot.com
Call me on 09907222727
0 comments:
Post a Comment