• Short Summary

    Funds to the extent of 1.26 [illegible] rupees were invested by Life Insurance Corporation (nationalised life insurance body) by purchase of shares of the group of industrial concerns of one Mr Maridas Mundhra.

  • Description


    Reel No. 1, 40 feet Inquiry Commission, Mr Justice Chagla


    1.
    LS Bombay high Court view


    2.
    CS Ditto


    3.
    MS Mr Justice Chagla coming out of the elevator and passing by the camera


    4.
    MS Steps down and enters his car


    5.
    LS Drive off the porch


    6.
    LS Council House where the Inquiry was held



    Reel No. 2 Parliament House, Mr Nehru taking over Finance Portfolio, Members of Parliament, and newspapers


    1.
    LS Portion of a building in which is housed the important local daily Hindustan Times; the sign board and spot news board


    2.
    MLS Spot News reading ' TTK's resignation accepted Nehru takes Finance Portfolio


    3.
    LS Parliament House building, Indian Flag flirting on top


    4.
    LS Ditto, closer angle


    5.
    MS At the North Block of the Government Secretariat where the Finance Ministry is housed, Prime Minister, Mr Nehru comes through some crowds on path sides to see him


    6.
    MS He is seen going in the entrance


    7.
    MS After taking over the Finance Portfolio, Mr Nehru comes out with Deputy Finance Minister and some other officials through the crowds at the entrance and outside waiting to cheer him


    8.
    MS Mr Nehru comes through cheering crowds


    9.
    MS Mr Nehru comes and stands by a car


    10.
    MLS At the lobby outside the Central Hall of Parliament, Groups of Parliamentarians are seen standing, talking to each other


    11.
    MS At the lobby outside the Central Hall of Parliament, Groups of Parliamentarians are seen standing, talking to each other


    12.
    MS Parliamentarians are seen coming act of the Central Hall of the Parliament where Lok Sabha sessions are held


    13.
    MS Parliamentarians are seen coming act of the Central Hall of the Parliament where Lok Sabha sessions are held, including women Parliamentarians


    14.
    Pans ditto including in the front, Mr Feroze Gandhi (with long button-up cost and white cap, fairlooking and clean shaved, on whom the camera is panned. It is he, who questioned the Finance Minister about LIC investments


    15.
    CS Mr Feroze Gandhi is seen here in profile pose, resting his arm on the shoulder of another Parliamentarian (shorter in height than him), they talking and also smoking


    16.
    MLS On the day of Mr T.T.R., Finance Minister who resigned, giving statement in the Parliament after resignation, ques of visitors, to the visitors gallery


    17.
    MCS the visitors queing, including a board reading VISITORS GALLERY FOLL


    18.
    MLS Larger que


    19.
    MLS Even larger que


    20.
    MS Rush of Newspaper boys at the window of Hindustan Times


    21.
    MS Rush of Newspaper boys at the window of Hindustan Times


    22.
    MS A kid with newspapers, speeding


    23.
    MS Some readers standing and reading


    24.
    CU A back of different newspapers announcing news of T.T. Krishnamachari's resignation acceptance and decision to take over the portfolio by Mr Nehru, Prime Minister


    25.
    CU Section on the front page of Hindustan Times with Krishnamachari's photo and the news of his resignation


    26.
    CU Portion of a newspaper reading INVESTMENT IN HUNDHRA CHAIN FEROZE GANDHIS EVIDENCE Inquiry begins in Bombay


    27.
    CU Newspaper portion with Finance Secretary, H. M. Patel's photo and words, Dear with Mundhra Leading role played by H. M. Patel



    Reel No. 3, 100 ft Krishnamachari seen off, newspaper headlines regarding his statement in the Parliament and newspaper headlines about Mr Mundhra's arrest including his photo



    Some Hid Shots of Mr Krishnamachari at the Palam Airport, just before his leaving, meeting in the crowds, who saw him off, M.P.s, journalists, friends, including an American Embassy representative, white man with completely grey, presumably Charge D6 Affairs



    Some Mid Shots, Mr Krishnamachari being garlanded by Defence Minister and Ambassador at large, Mr Krishna Menon, Mr Krishnamachari with Prime Minister Nehru and other Cabinet Ministers, Finally being embraced (as a custom of intimacy at the time of meeting or departing) by them (also by Mr Nehru)



    Some Mid and Long Shots, Krishnamachari enplaning, the friends waving hands, and plane taking off



    One CU Newspaper Headline reading, TTK ploads innocence in Mandhra deal; this refers to the statement he gave in the Parliament after resignation



    One CU Newspaper headlines, Haridas Mundhra Arrested, Bail not allowed etcetera and the photo of Mr Mundhra



    One CU Mr Mundhra's photo and the news around in the paper columns




    Initials


    1. No picture are allowed to be taken in Parliament Council Hall and Ministry rooms (for handover and takeovers) as a general rule. So Mr. Chagla, Mr, Nehru and M. Ps were filmed invicinities of places.
    2. Mr. Krishnamachari would not like to be photographed during these few days. So his pictures could not be available excepting when he was seen off when he was well filmed
    3. So was the case with attempts for taking pictures of Mr. Patel and Mundra. (Newspaper photos with reports have been filmed on this account)
    There first shot indicates NO.1 by one finger but please note it is no.2.

    Script is copyright Reuters Limited. All rights reserved

    Background: Funds to the extent of 1.26 [illegible] rupees were invested by Life Insurance Corporation (nationalised life insurance body) by purchase of shares of the group of industrial concerns of one Mr Maridas Mundhra. Finance Minister, Mr. T. T. Krishnamachari's Principal Finance Secretary directed the transactions. Mundhra concerns were traced by Parliamentarian, Mr Feroza Gandhi, to be unstable and their shares begins. Mr Feroza Gandhi raised questions in the Parliament to the Finance Minister for explanation of circumstances leading to the investment of heavy public funds in this way. An Inquiry Commission, consisting of one man, the Chief Justice of Bombay, Mr Justice Chagla, was appointed by the Finance Minister for the probe into the matter. A week long inquiry was held at Bombay and final report submittal to the Prime Minister, holding the Finance Minister, morally and constitutionally, responsible for the transactions of the Principal Finance Secretary, Mr H. M. Patel. Mr Krishnamachari handed over the resignation and the Prime Minister, Mr Nehru took over the Finance Portfolio. Later, Mr Krishnamachari gave statement in the Parliament House before he left Delhi for his home town, Madras, by Special Plane provided by the Government and was seen off by hundreds of his friends consisting of, Prime Minister, Defence, Commerce, Railway, Communications and some other ministers, numbers of Parliament, representatives of some foreign embassies and people in public life. Mr. Haridos Mundhra was arrested.

  • Tags

  • Data

    Film ID:
    VLVA1CRZLZRM6FG1MLEL23YOGRDZJ
    Media URN:
    VLVA1CRZLZRM6FG1MLEL23YOGRDZJ
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    19/02/1958
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:06:33:00
    Time in/Out:
    /
    Canister:
    N/A

Comments (0)

We always welcome comments and more information about our films.
All posts are reactively checked. Libellous and abusive comments are forbidden.

Add your comment