The Union government on August 11 categorically denied in the Supreme Court the allegation that certain terrorist outfits had penetrated the country’s stock market surreptitiously. In a fresh affidavit on the PIL petition filed by the former Union Law Minister, Ram Jethmalani and others alleging inaction in bringing back Rs. 70,000 crore in black money stashed away in foreign banks, government sources indicated that they did not have any “reliable credible information of any surreptitious entry of terrorist outfits into the stock market.” They added that “no fictitious or notional companies can be stated to be involved in stock market operations1.

• 1. “Centre denies terror outfits have sneaked into stock market,” Hindu, August 12, 2009, at http://www.hindu.com/2009/08/12/stories/2009081260351000.htm