10 Jun 08 The Great Indian P-Note Tamasha
Last week former TamilNadu Chief Minister and AIADMK supremo, Ms J. Jayalalithaa had cristisised the finance minister P. Chidambaram by raising the issue of Participatory Notes claiming that the anonymity associated with P-Notes could easily lead to a terrorist group exploiting it. She also alleged that PN’s were the cause of the extreme volatility of the Indian stock markets in recent times. A couple of days later, Chidambaram replied back saying investments through the Participatory Notes route was being traked as all registered FII’s had top submit complete details of the PNote holders. With a recent SAT order over ruling SEBI’s order in the Goldman Sachs Investments (Mauritius) Limited case, the coming few weeks are likely to be interesting with Jayalalithaa’s point becoming much more stronger, after the SAT order came out.
Related Posts
Leave a Comment
