PC turning blind eye to economic terrorism: Jaya

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Chennai, Jun 5 (UNI) Hitting back at Union Finance Minister P Chidambaram for turning a blind eye to ''economic terrorism,'' AIADMK Supremo J Jayalalithaa today posed ten questions and demanded his resignation if he failed to answer them.

Reiterating her charge that terrorists were parking funds in Indian ventures through P-notes, Ms Jayalalithaa, in a statement here, challenged the Finance Minister to furnish the complete list of P-note holders with details of their investments, or demit office.

In a rejoinder to Mr Chidambarm's rebuttal to her charges,the AIADMK leader said instead of clarifying the issues raised by her, the Finance Minister sought to beat around the bush.

''The nation, till date, is not aware of any details whatsoever of the investors who seek to invest through P-notes, which under the extant regulations, allows such investors to remain anonymous,'' she said.

Referring to Mr Chidambaram's remarks the charges made by her were totally baseless, besides betraying complete lack of understanding on the FII regime in force,Ms Jayalalithaa said the Union Finance Ministry ''should rise above pedantry and not resort to skullduggery at least on matters concerning national security and the credibility of our financial sector.'' If the Finance Ministry claimed that SEBI, being the regulator, had the details of all the foreign investors,who had invested in India, through P-notes?'' she asked and demanded the Ministry to answer the questions raised by her.

''When P-notes are subscribed to by a company, does the Union Finance Ministry track names of the owners/promoters and can it authentically say the company in question is not promoted or funded in any way by an Osama bin-laden, a Dawood Ibrahim or a Velupillai Prabakaran?'' she asked.

''What are the mechanisms and internal checks it has put in place to ensure that narco-terrorist money does not find its way into the Indian Stock Market?'' she further asked.


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