The UTI muddle will be probed by the Joint Parliamentary Committee (JPC), headed by Prakash Mani Tripathi, inquiring into the stock market scam, Lok Sabha speaker G M C Balayogi announced on Friday. A decision on this was taken after the Speaker convened an all-party meet to resolve the issue, a day after the Opposition-sponsored adjournment motion on the UTI fiasco was defeated in the Lok Sabha.
Balayogi said after hearing views of all parties as also that of Tripathi, it was decided that all issues relating to UTI would be considered by the JPC. The JPC will now proceed accordingly.
Earlier, raising the issue during zero hour, Congress chief whip P R Dasmunsi said the hard-earned money of small investors had gone down the drain and the culprits responsible for the US-64 mess should be brought to book.
Parliamentary affairs minister Pramod Mahajan suggested that the JPC inquiring into the securities scam could also look into this.
BJP member Vijay Goel contended if the Opposition was so keen to know the government response, why had it prevented finance minister Yashwant Sinha from giving his reply to the UTI debate in the house Thursday night.
CPI-M leader Somnath Chatterjee said the issue was serious and some method had to be found to look into it.
Bureau Report