Jpc Pulls Up Govt On Foreign Banks Issue

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BUSINESS STANDARD
Last Updated : Jun 14 2001 | 12:00 AM IST

The members of the joint parliamentary committee have asked the government to furnish reasons why the foreign banks indicted in the action taken report of the previous joint parliamentary committee have still not been proceeded against.

The committee inquiring into the K-10 stock market scam today asked the finance ministry and the department of company affairs to explain why the government had not been able to move against the banks, despite the comments of the JPC asking for revocation of their licences.

Speaking to reporters, committee chairman SPM Tripathi agreed that the members were concerned that action in several cases

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First Published: Jun 14 2001 | 12:00 AM IST

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