Special Correspondent

Publicise list of persons re-routing of funds of Indians

Charges UPA with nor arming SEBI on market manipulation

CHENNAI: All India Anna Dravida Munnetra Kazhagam (AIADMK) general secretary Jayalalithaa on Saturday reiterated her demand that the Union Finance Ministry come clean and publicise a list of persons or institutions connected with re-routing of funds of Indians from Mauritius, taking advantage of the concessions under the Double Taxation Avoidance Treaty.

In a statement, she wondered how many times the laws of the land been invoked to take action against those funding terrorist activities in the country.

Referring to the Finance Ministry’s response to National Security Advisor M.K. Narayanan’s statement at a conference on security policy in Munich on manipulation of Mumbai and Chennai stock markets by terrorist outfits for raising funds, she asked how Mr. Narayanan could have made it public at an international forum if the information was an unsubstantiated report.

If the stock exchanges had confirmed to the Finance Ministry that they had not reported such instances, from where did the NSA get the information?

She also charged the United Progressive Alliance government with not arming the SEBI with adequate legal teeth to prevent market manipulation.