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Lok Sabha

Unstarred Question No. 2096

To be Answered on Friday 4th August, 2000

Ms shoes scandal - CBI Inquiry


Question

2096. Shri Kirit Somaiya :

Will the Minister of Finance be pleased to state :

  • Whether the inquiry conducted by the CBI on MS Shoes has been completed;

  • If so, the outcome thereof;

  • If not, the legal status of the case; and

  • The steps taken to expedite the matter in the interests of investors ?


Answer

Minister of State in the Ministry of Finance (Shri balasaheb Vikhe Patil)

  • The Inquiry conducted by the Central Bureau of Investigation (CBI) Anti Corruption Branch, Mumbai, has been completed.

  • As the acts of the accused were found to be punishable under the Companies Act, 1956, a complaint was filed in the Court on 10-9-98 The case is presently under trial.



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