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JPC may summon Sinha for deposition

The Joint Parliamentary Committee probing the stock scam and the UTI muddle may summon External Affairs Minister Yashwant Sinha, who was finance minister during the scam and the mutual fund fiasco last year, to depose before it.

"I have asked the members to submit questions, for getting his written answers and based on his submission the former finance minister may be asked to depose before the committee," JPC chairman Prakash Mani Tripati said.

The JPC had adopted this procedure all along and would continue to do so in case of Sinha, he said adding the committee has not taken any decision on summoning Sinha so far.

To a question if it was true that JPC had completed depositions and that now it was at the drafting stage, Tripati answered in the affirmative and said, "but now we find certain gaps for which we have decided to summon two or three persons."

Deposition and drafting will now go on simultaneously, he said adding a top official from the Securities and Exchange Board of India has been asked to depose before JPC on Sept 16.

Admitting there were some differences among the members (of the JPC) on whether Sinha should be summoned straight away without asking him to first make a written submission, Tripati said JPC finally decided that the same procedure will be followed in case of Sinha as well.

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