Minister cleared in Indian probe

An Indian parliamentary panel has cleared Foreign Minister Yashwant Sinha of any blame in a trading scandal that hit stock markets in the early 1990s.

Mr Sinha was finance minister at the time of the scandal.

Current Finance Minister Jaswant Singh told the upper house of parliament that a joint parliamentary committee had found Mr Sinha not guilty.

The state-owned Unit Trust of India was pushed to the verge of collapse during the scandal.