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Why Mr. Jaitley attempts to silence the CBI?


The delayed FIR lodged by the CBI, in the Chanda Kochhar-Videocon-ICICI Bank case, which not only mentions her as an accused, but also mentions a few others like K V Kamath, the former chairman/CEO of the Bank, as also its present CEO Sandeep Bakshi among others and is investigating their roles too in the illegal sanction of loans to the Videocon group as members of the Credit Committee of the Bank, has surprisingly ruffled the feathers of Union Minister Mr. Arun Jaitley. Writing in his blog, while undergoing treatment at New York, he hit out at CBI, for its investigative adventurism. He advised the CBI to focus on its primary target and asked as to what cause are we serving or actually hurting by including the who’s who of the banking industry in the ongoing investigation. Mr. Jaitley points out that there is a difference between investigative adventurism and professional investigation, and says that mentioning too many bankers could hurt the interests of the entire banking industry. The question is why is that Mr. Jaitley is making an attempt to silence the CBI? Mr. Akhilesh Bhargava, Business Editor of HW News Network shares his insights on the matter.

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