Partha Chatterjee appears at CBI office before scheduled time (2nd Ld)

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Kolkata, May 18 | Having exhausted all legal avenues to escape the Central Bureau of Investigation (CBI) grilling in connection with the West Bengal School Service Commission (WBSSC) scam, former West Bengal education minister and Trinamool Congress secretary general, Partha Chatterjee, finally appeared at the CBI’s Nizam Palace office in central Kolkata on Wednesday evening.

Soon after a division bench of the Calcutta High Court refused to stay the earlier single judge bench order asking Chatterjee to appear at the CBI office by 6 p.m. on Wednesday, Chatterjee, currently the state commerce & industries minister, started from his residence at Naktala in South Kolkata. However, while departing from his house, he did not answer any media questions.

Finally at around 5.40 p.m. on Wednesday, that is 20 minutes before the scheduled deadline, his car arrived at the Nizam Palace office of the CBI.

Without answering the media queries there as well, Chatterjee went inside the elevator and ascended to the 14th floor of Nizam Palace, where a team of three CBI officials, led by the central agency’s joint director, Pankaj Srivastava, was waiting with a four-page list of questions.

A senior CBI official, on condition of anonymity, said that in all probability Chatterjee will have to face two rounds of questioning. The first round will be where he will be questioned alone by the CBI sleuths. In the second round, he might be questioned jointly with the members of the screening committee of WBSSC constituted by him as the state education minister.

Legal experts said that after the division bench refused to stay the single-judge bench order, Chatterjee had no other option but to face the CBI grilling, since Justice Gangoapdhyay has authorised the CBI to arrest Chatterjee in case of non- cooperation.

Meanwhile, a statement by Trinamool Congress’ state general secretary and the party spokesman Kunal Ghosh, has resulted in speculation on whether the party leadership was trying to distance itself from Chatterjee on the WBSSC recruitment irregularities scam issue. “If misdeeds by one or two persons are responsible for the sufferings of students, then the law will take its own course. But the entire party or the state government cannot be blamed for the misdeeds of one or two persons,” Ghosh said on Wednesday.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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