ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Signals of Corruption

Signals of Corruption THE prime minister, P V Narasimha Rao, while turning down the demand of Congress members of the parliament for taking action against S Venkitramanan, former Reserve Bank of Governor, for his involvement in the bank scam, is reported to have indicated that the government of India taking any action against Venkitramanan would send wrong signals abroad and hurl the country's image in the international community. He parried by asking his colleagues: "Have you thought of the reactions of other countries if we sent a former governor of our Reserve Bank to jail?" To his colleagues from Maharashtra his onslaught was more direct. He quipped: "Why should the government submit to the opposition pressure? Once you start yielding, there will be no end to yielding. It will set off a chain reaction and you will have to face a similar situation in Maharashtra as well. Are you prepared for that?'' The Maharashtra MPs were totally disarmed by the PM's counter-offensive. They realised that they shall have to keep their mouth shut to protect their chief minister.

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