New Delhi: The Joint Parliamentary Committee (JPC) probing the stock scam and United
Trust of India (UTI) muddle may summon External Affairs Minister Yashwant Sinha, who
was Finance Minister during the scam and the mutual fund fiasco in 2001, to depose
before it.
"I have asked the members to submit questions, which would be sent to Sinha on
behalf of JPC for getting his written answers and based on his submission the former
Finance Minister may be asked to depose before the committee," JPC chairman
Shriprakash Mani Tripati told reporters.
The JPC had adopted this procedure all along and would continue to do so in case of
Sinha, he said adding the committee has not taken any decision on summoning Sinha so
far. A decision on this would be taken on the basis of his written submission.
To a question if it was true that JPC had completed depositions and that now it was
at the drafting stage, Tripati said "it is true that we had completed the deposition
but now we find certain gaps for which we have decided to summon two or three
persons."
Deposition and drafting will now go on simultaneously, he said adding a top
Securities and Exchange Board of India (SEBI) official has been asked to depose
before JPC on Sept 16.
Admitting there were some differences among members of JPC on whether Sinha should
be summoned straight away without asking him to first make a written submission,
Tripati said JPC finally decided that it would deviate from the procedure and hence
decided that "same procedure will be followed in case of Sinha as well."
There was no cancellation of JPC meeting on this score as reported in the media,
Tripati said adding yesterday's meeting was not a meeting of full JPC. So all
members did not attend, he said.
PTI