ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Back to the Scam

Back to the Scam Jairaj Kapadia AS income-tax raids were carried out on stockbrokers in Bombay in the middle of October, the securities scam was in focus again. Not that the scam had gone out of sight, since the Joint Parliamentary Committee has been conducting its inquiry and the scam has been making news intermittently. But while the JPC inquiry was progressing, the CBI and the income-tax department had both seemed to lie low in the matter of the scam ever since Harshad Mehta, the first of the stockbrokers arrested and the last to have been released on bail, was freed from custody on September 22. So when the IT raids took place once again on stockbrokers this week, the scam shot back into focus at once. And this despite the income-tax authorities giving little away about why the fresh raids. However, following the raids there has also arisen the quesiion to what extent the investigations by the CBI and the income tax authorities had progressed.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top