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Govt says will take action on Chidambaram relaxing gold import norm

Tuesday, March 13, 2018

Stepping up the heat on former finance minister P Chidambaram, the government yesterday said it will take action against the persons who relaxed gold import norms for private trading houses during the dying days of the UPA regime resulting in a windfall of Rs 4,500 crore to 13 such entities in just six months.

Faced with barrage of attack from the Congress over the Rs 12,700 crore fraud at Punjab National Bank, the ruling BJP had earlier this month accused Chidambaram of aiding jewellers Mehul Choksi and Nirav Modi -- main accused in the country's biggest bank fraud case -- through an 80:20 gold import scheme.

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