(a) whether Government’s attention has been drawn to
the news-item captioned `Ranbay sacks U.K. subsidiary
brass for financial Bungling` appearing in Economic
Times dated April 24, 2001;
(b) if so, whether the matter had been referred to FERA and CBI for investigation;
(c) if so, the details thereof; and
(d) if not, the reasons therefore?
Minister of State in the Ministry of Finance ( SHRI GINGEE N. RAMACHANDRAN )
(a) The news-item which had actually appeared in the
Economic Times dated April 23, 2001 has come to the notice
of Ministry of Finance.
(b) to (d) Based on SEBI’s Interim Report, the details are
being called for by the Enforcement Directorate from
Financial Institutions/Brokers.