CBI’s credibility at stake in HZL privatization probe

The Center informed the Supreme Court that it wanted to withdraw the submission of the Central Bureau of Investigation regarding the sale of 26% stake by the government in Hindustan Zinc Limited in 2002, on the basis of which the Supreme Court ordered a full investigation into the alleged irregularities Was. In that act of privatization by the then Vajpayee-led National Democratic Alliance government. The court has dismissed the plea made by Solicitor General Tushar Mehta, who, according to a report in The Times of India, told the court that “the CBI has informed the SC every line about the decision-making process. .. was wrong or wrong”.

Mehta had previously represented the CBI and so, while the Central Leather Research Institute may take a scientific interest in the quality of Mehta’s skin, we should not be distracted by more important matters.

There are three inter-related, but different issues at stake here. One is the credibility of the main investigative agency of the central government. If what he presents to the Supreme Court may be “false or false” in one case, what is the guarantee that his submissions on other occasions are free from such loopholes?

The second issue is the infinitely flexible and flexible nature of the judicial-investigation process that allows the investigation of allegations of unfairness, first raised in 2002, then dismissed, lasting only two decades, with a final legal appeal. without closing beyond . Third is the uncertainty involved in commercial decisions in this country, which will be troubling for all investors, except native Indian entrepreneurs, who have learned the ropes of ‘managing the environment’ walking down the corridors of power in district headquarters. State capitals and lobbying powerbrokers in Lutyens’ Delhi in favor of power.

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