Finance Ministry forgets Rs 32,000-crore scam

NEW DELHI:  In UPA’s summer of discontent, it continues to rain scams. The Central Bureau of Investigation (CBI) unearthed a huge forex derivatives scam, pegged at Rs 32,000 crore, which was brushed under the carpet by the government for three years. On January 4, 2012, Parliament’s Public Accounts Committee (PAC) had sent a reminder to the Ministry of Finance, seeking an explanation on an alleged scam in selling forex derivatives to Indian companies.

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