CBI to close MCX probe against former Sebi chief Bhave, member

CBI was investigating the roles of C.B.Bhave and K.M.Abraham in allowing MCX-SX to function as a full-fledged private exchange.

While CBI has reportedly said Bhave should have been careful in granting sanction, his decision did not merit a criminal case.

CBI WILL RECOMMEND TO GOVT. that departmental action be taken against Bhave & Abraham, with an FIR against other officers.(Times Business August 26, 2014).

This episode raises certain basic questions:

At last both the top officials have been let off from criminal prosecution. Unfortunately there has been a change of heart at the CBI HQrs - done under some pressure? If not who was responsible for adverse publicity in the initial stage without proper study and analysis? 
What is the necessity of recommending departmental action when no mala fide  intention was found by them? Who and which experienced and qualified economic expert took this decision on such a commercial transaction in CBI? 
Who is qualified in CBI to give a conduct certificate to Bhave and Abraham when even the best judges would find it difficult to pass a judgment on such business and commercial transactions in this country?

It is unfortunate that probably good boys are punished and the crooks are let off in such a system. Bad and dangerous trend for this country!

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