(a) whether RBI and NABARD have received any CID report on Home Trade Scam;
(b) if so, the findings of the report;
(c) the total amount involved in the scam;
(d) the other agencies found involved in the scam and the details of violations made
by them; and
(e) the further action plan prepared by the Government to punish the guilty persons?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE AND COMPANY AFFAIRS
(SHRI ANANDRAO VITHOBA ADSUL):
(a) Reserve Bank of India (RBI) and National Bank for Agriculture and Rural Development
(NABARD) have reported that they have not received any report from CID on Home Trade Scam.
(b) Does not arise in view of above.
(c) During the course of inspection conducted by NABARD, it was observed that
three District Central Co operative Banks had suffered losses to the tune of Rs.205.06 crores.
(d) Besides M/s. Home Trade Ltd., the other brokers involved were M/s. Indermani
Merchants (P) Ltd., M/s Syndicate Management Services Ltd.,M/s. Giltedge Management Services
Ltd. and M/s. Century Dealers (P) Ltd. The details of violations made by these firms
related mainly to non-delivery of scrips despite receiving amount.
(e) Police investigations are in progress.