V Narayanasamy urges Centre to hold probe into PNB fraud case

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Minister of State V Narayanasamy leaves PM Manmohan Singh's residence after attending high level Congress Core Group meeting Sunday Express Photo By Amit Mehra 05 May 2013

Puducherry chief minister V Narayanasamy that the Centre should form the Cauvery Water Management Board (CWMB) to implement the verdict given by the Supreme court on the sharing of the river water among the riparian states.

Puducherry Chief Minister V Narayanasamy on Sunday urged the Centre to order a detailed probe into the alleged multi crore rupee PNB fraud involving Nirav Modi. Talking to reporters here he said that the alleged fraud involving Rs 11,400 crores was shocking and the Centre should order a detailed probe. The fraud is perhaps the biggest ever in the financial history of the country and hence the government should also expose all those involved in the fraud, he said.

Narayanasamy said that the Centre should form the Cauvery Water Management Board (CWMB) to implement the verdict given by the Supreme court on the sharing of the river water among the riparian states. He said that reduction in the allocation of quantum of water for Tamil Nadu was a matter of concern although Union Territory of Puducherry continued to be entitled to the seven tmcft of water.

A Greenfield airport would be developed on 500 acre site in Karaikal soon to link the region with different parts of the country and abroad, he said.

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