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  1. JPC probe into PNB scam: Why Congress, Mamata Banerjee’s TMC and Left are not on the same page

JPC probe into PNB scam: Why Congress, Mamata Banerjee’s TMC and Left are not on the same page

PNB scam: Fissures in the opposition over JPC probe into the alleged over Rs 11,000 crore Punjab National Bank (PNB) scam have come to the fore.

By: | New Delhi | Updated: February 21, 2018 7:15 PM
pnb scam protest New Delhi: Indian Youth Congress activists raise slogans as they protest against Nirav Modi in the Punjab National Bank fraud case in New Delhi on Wednesday. PTI Photo

PNB scam: Fissures in the opposition over JPC probe into the alleged over Rs 11,000 crore Punjab National Bank (PNB) scam have come to the fore. Mamata Banerjee-led Trinamool Congress on Wednesday rejected the suggestion of demanding a Joint Parliamentary Committee (JPC) probe into the alleged scam put up by the Congress and CPI-M. TMC leader Derek O’ Brian today stressed that a “thorough” investigation into the alleged PNB scam should be done. “But JPC probe is not the solution,” he was quoted as saying by IANS.

The Trinamool leader further pointed out that past JPCs didn’t yield concrete results. Some of the major JPCs were constituted for Bofors (1987), Harshad Mehta case (1992), Ketan Parekh share market scam (2001), soft drinks pesticide issue (2003), 2G spectrum issue (2010), VVIP chopper scam (2013), land acquisition (2015) and FRDI Bill (2017).

“But, has any of these JPCs yielded any concrete results? Some reports are still awaited, some have not been fully implemented and action in some is still awaited. So, we are against a JPC probe into the PNB scam,” he said.

The CPI-M has, however, demanded a JPC probe into the alleged scam. In a statement, the Left party today said, ” “This case needs to be probed thoroughly. In the previous instances of financial frauds of Harshad Mehta or Ketan Parekh, JPCs were constituted and the then finance ministers had deposed before them and put in place corrective measures. In the instant case also a JPC should be constituted and the current finance minister must be made to answer all the relevant questions.”

CPI leader D Raja was quoted as saying by PTI: “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.”

The Congress had last week said it would demand a JPC into the matter. “The Congress, in the interest of the people of the country, will speak to all like-minded parties in Parliament. We will show them documentary evidence of the scam and will form a joint strategy,” Congress spokesperson Randeep Singh Surjewala had said.

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