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Volcker report: firms under govt scanner
Tribune News Service

New Delhi, November 16
Amid allegations of payment of bribe by the Reliance group to the Iraqi regime to get oil contracts, the government is scrutinising the accounts records of some the companies named by the Volcker committee in the $64 billion Iraqi oil-for-food programme.

“We have asked a few companies to come forward and share with us some records and documents,” Finance Minister P. Chidambaram told media persons here at the inaugural session of the three-day Economic Editors’ Conference.

“It is premature to discuss too much about it,” the Finance Minister said on the issue of possible probe into 135-odd Indian companies alleged to have illegally profited in the UN programme under the erstwhile Saddam Hussain regime in Iraq.

Mr Chidambaram said the Congress had on its own issued a four-and-a-half page legal notice to the UN demanding full disclosure of documents on the basis of the Paul Volcker Committee arrived at its conclusions.
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