From: gnreddy@cbnewsf.att.com (G.Narotham Reddy)
Subject: India - Thirty Seven More Killed In Bombay And Ahmedabad
Organization: AT&T
Date: Sat, 9 Jan 93 00:22:44 GMT


Source   : The CGI
Date     : Jan 8, 1993
Country  : India

Headlines:
* 37 more die in communal strife in Bombay, Ahmedabad and Baroda
* Seven killed, 39 injured in violence in Ahmedabad
* SBI's Irregularities cost Rs 838.29 Crores

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* 37 more die in communal strife in Bombay, Ahmedabad and Baroda

Bombay, Jan 8: Thirty nine people were killed as fresh violence broke
out in Bombay, Ahmedabad and Baroda Friday and army staged flag marches
in troubled areas to restore order.
	In a gruesome incident, 11 people were burnt alive in the curfew
bound Jogeshwari in north west Bombay while 11 others were killed
elsewhere in the city in Ayodhya related incidents taking the toll since
Monday last to forty.
	Army columns staged flag marches at Mahim, Dongri, Chunnabhati and
seven other areas and police opened fire to contain a violent mob.
	In Gujrat trouble broke out in Ahmedabad and Baroda in several areas
claiming 17 lives and injuring 90 since Thursday night and army was
called out in the sensitive areas in Ahmedabad to restore order.

* Seven killed, 39 injured in violence in Ahmedabad

Ahmedabad - Jan 8: At least seven persons, including a policeman, were 
killed and 30 others injured in a sudden spurt of violence in the walled 
city today, pushing the toll in disturbances in the western state of Gujrat
since Thursday night to ten.
Indefinite curfew has been clamped in six police station areas, according 
to Police Commissioner M.M.Mehta.
	While six persons died in stabbing incidents and police firings, a
bullet ridden body of a cop was recovered from a trouble spot.
	In Baroda, three persons were killed in stabbing and police firing
thursday night.
	
* SBI's Irregularities cost Rs 838.29 Crores

New Delhi - Jan 8: 'Big Bull'  Harshad Mehta accounted for a staggering
Rs 17,382 crore of securities transactions of the State Bank of India
which committed 'mischief' through gross irregularities and suffered a
net loss of Rs 838.29 crore.
	Briefing newsmen today, chairman of the joint parliamentary committe
probing the securities scam. Ram Nivas Mirdha said SBI illegally issued
banker's cheques against bank cheques in favour of HArshad Mehta
aggregating Rs 2,921.86 crore between February one and April 6, 1992.
	The SBI main branch in Bombay also resorted to 'netting' (showing
only the net amount and not the total volume of transactions) to fudge
the accounts to benefit the Bombay broker, Mirdha said.
	He said the committe was also examing why former RBI governor, 
S.Venkitaramanan contacted a top official of the department of banking
operations and development regarding Harshad's account in the SBI when
he had already made similar inquiries from the SBI chairman, Goipuria.
	Venkitaramanan had first contacted Goipuria when Harshad mehta
called on him on Aprile one, 1992 and mentioned that the SBI was putting
restrictions on his account.
	Goipuria reported back to the then RBI chief that there wa no
discrepancy in the Bombay broker's current account. He had issued
instructions that no roll over or other facilities should be extended to
Harshad and ordered close monitoring of his account.
	asked whether the governor's action tantamounted to giving singal to
reactivate the broker's account, Mirdha said the entire issue is being
examined.
	He said no decision has been taken so far to summon the former RBI
chief again.

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