We are not responsible for stock market crash – Raids are routine and visit of JS to Mumbai is more routine – Finance Ministry
The Central Board of Direct Taxes clarifies that the searches were conducted at a few places in Gujarat as part of normal investigations carried out by the Income Tax Department in Gujarat. There is no basis for drawing any general or speculative conclusions from these searches.
It is also clarified that the visit of the Joint Secretary (Capital market) yesterday to Mumbai was to participate in the Board Meetings of the UTI AMC and the Central bank of India. After the meetings, he came back to Delhi yesterday night itself.