3
THE LIFE INSURANCE CORPORATION
OF
INDIA (LIC)
The new Government, on 17 August 2004, said that it would not look into
the alleged large scale “irregularities” in sale/disinvestments of public
sector firms.
Now, there were reports that the public sector Life Insurance Corporation of India
(LIC) had taken a decision to
release Re.9000 crore to the stock market.
Thus Prime Minister Manmohan Singh started large-scale manipulation of the
financial institutions for making him the Prime Minister of India.
Therefore, on 28 June 2004, Mr.
V. Sabarimuthu requested the
President of India to restrain him from giving the money, as anything done in
private interest is unconstitutional.
However, the LIC released the money to the stock market.
In the
meantime, a special court for economic offences imposed 3-year rigorous
imprisonment for 4 persons for Re. 27 lakh.
Similarly, a coolie undertaking
an indefinite fast for 30 days, demanding wages for his and 180 others, died at Theni in the Tamil Nadu state.
(To be continued)
(To be continued)
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