Indian government Tuesday said that it is keeping a watch on a person who is suspected to have used the booming Indian share market for terror funding, local news agency Press Trust of India reported.
"Recently one case has come to our notice. It is suspected that it may be linked to a person under watch. I cannot divulge further details," Indian Finance Minister P. Chidambaram said.
He was answering a question by opposition party BJP member RaviShankar Prasad who asked whether the government is aware of money being poured into the stock market by terrorist outfits.
The share market has witnessed a sharp rise over the last few months with the sensex touching the 20,000 mark.
The rally has been mainly led by Foreign Institutional Investors (FIIs) who have brought in nearly 68 billion U.S. dollars (65.18 billion dollars through equity and 2.7 billion dollars through debt) till Nov. 29, 2007.
Source: Xinhua
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