Human Resources Development Minister Murli Manohar Joshi said the ministry would initiate against VS Pandey, joint secretary of the ministry and the government's nominee on the IIM-Ahmedabad board, if he was indicted by the Allahabad High Court or the Central Bureau of Investigation over financial irregularities.
Joshi said, "I am aware that an inquiry into the allegations against Pandey is going on and an appeal has also been filed in the Allahabad High Court by him. We will take appropriate action once inquiry is completed."
A spokesperson of CBI, talking to Business Standard, said, "We are yet to receive a formal copy of the court order. Once we get that, action will be initiated."
He also said the agency had applied for a certified copy of the March 25 order of the Allahabad High Court.
The CBI was directed by the court to investigate charges of financial irregularities in the Uttar Pradesh Cooperative Spinning Mills Federation during 1996-99