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PRELIMINARY REPORT ON CAPITAL MARKET SCAM



New Delhi ~ June 26 2001

The Government in the Department of Company Affairs (DCA) has taken cognisance of Securities and Exchange Board of India (SEBI) preliminary investigation report on capital market scam and ordered inspection of books of accounts and other records of 94 Companies under the provisions of Section 209 A of the Companies Act 1956. The inspections are in progress.

Further action will be initiated on receipt of inspection reports.



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