The grand idea of a Joint Parliamentary Committee (JPC) investigation into banking frauds, as highlighted by the Rs 11,500 crore PNB scandal, is already dead and gone.
And the festering mortal combat between the Left parties and the Trinamool Congress has hung the Congress Party like Trishanku in void over the issue of demanding a Joint Parliamentary Committee (JPC) probe in the PNB fraud case.
In any case, the Congress Party has neither the diplomatic suavity nor the intention to iron out temperamental and ideological differences between the two arch-enemies fighting for control of the same turf.
The Bengal's ruling party said there had been instances when JPCs had brought no outcome. "We do not want a JPC. It can not be the solution. We believe that the truth should come out fast. We have seen in the past…in 1987, in the Bofors case, the report given by the JPC was rejected by the Opposition. Whether [it is] the Harshad Mehta case or the Ketan Parekh case, the action is still pending," the Trinamool's leader in the Rajya Sabha, Derek O'Brien, told reporters on Wednesday. "In all such corruption cases, it is the common man who is at the receiving end. They are denied loans. We will raise the issue in Parliament and also take to the streets against such financial scams," he said.
On the other hand, the Left parties had argued that JPCs had probed financial frauds in the past and that the PNB case is fit for a thorough JPC inquiry. "In previous instances of financial frauds of Harshad Mehta and Ketan Parekh, JPCs were constituted and the then finance ministers had deposed before them and put in place corrective measures. In the extant case also a JPC should be constituted and the current Finance Minister must be made to answer all the relevant questions," the CPI(M) Politburo said in a statement.
The CPI has also demanded a JPC probe. "We feel on one hand the legal process should continue and the government should leave no stones unturned to bring such scamsters (Nirav Modi and others like Vijay Mallya) back to India...their properties attached, on the other a JPC should be constituted so that many other questions can be answered," CPI national secretary D Raja said.
(By M K Shukla & Rakesh Ranjan)
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PNB JPC probe idea dead before born
By IndianMandarins - 2018-02-22 11:11:46
The grand idea of a Joint Parliamentary Committee (JPC) investigation into banking frauds, as highlighted by the Rs 11,500 crore PNB scandal, is already dead and gone.
And the festering mortal combat between the Left parties and the Trinamool Congress has hung the Congress Party like Trishanku in void over the issue of demanding a Joint Parliamentary Committee (JPC) probe in the PNB fraud case.
In any case, the Congress Party has neither the diplomatic suavity nor the intention to iron out temperamental and ideological differences between the two arch-enemies fighting for control of the same turf.
The Bengal's ruling party said there had been instances when JPCs had brought no outcome. "We do not want a JPC. It can not be the solution. We believe that the truth should come out fast. We have seen in the past…in 1987, in the Bofors case, the report given by the JPC was rejected by the Opposition. Whether [it is] the Harshad Mehta case or the Ketan Parekh case, the action is still pending," the Trinamool's leader in the Rajya Sabha, Derek O'Brien, told reporters on Wednesday. "In all such corruption cases, it is the common man who is at the receiving end. They are denied loans. We will raise the issue in Parliament and also take to the streets against such financial scams," he said.
On the other hand, the Left parties had argued that JPCs had probed financial frauds in the past and that the PNB case is fit for a thorough JPC inquiry. "In previous instances of financial frauds of Harshad Mehta and Ketan Parekh, JPCs were constituted and the then finance ministers had deposed before them and put in place corrective measures. In the extant case also a JPC should be constituted and the current Finance Minister must be made to answer all the relevant questions," the CPI(M) Politburo said in a statement.
The CPI has also demanded a JPC probe. "We feel on one hand the legal process should continue and the government should leave no stones unturned to bring such scamsters (Nirav Modi and others like Vijay Mallya) back to India...their properties attached, on the other a JPC should be constituted so that many other questions can be answered," CPI national secretary D Raja said.
(By M K Shukla & Rakesh Ranjan)
