New Delhi: Joint Parliamentary Committee (JPC), probing the stock scam, is likely to fix responsibility on former Finance Minister Yashwant Sinha for Unit Trust of India (UTI) fiasco and name Ketan Parikh as the "key player" in the stock scam.

Short of pinpointing Sinha as the main person responsible for the freeze on UTI's flagship scheme US-64 in June 2001, a voluminous report of the committee, to be tabled in Parliament on December 19, is expected to give a detailed account of the then Finance Minister's "failure" to take timely action, sources said.

JPC, which has already zeroed in on the 'big bull' Ketan Parikh for the pay order scam in Co-operative Bank and the stock scam in March 2001 in its draft report, is likely to name him as the key player in the multi-crore stock scam.

The report has also upbraided the department of company affairs for not being able to come out with details of the corporate companies involved in the scam, thereby allowing them to go unchecked.

The JPC, which was set up last year, was given three extensions as its scope was enlarged to include probe into UTI fiasco besides the securities scam.

Taking serious note of not fully implementing the recommendations of the previous JPC report that went into the 1992 stock scam, the report is likely to suggest that government come out with a six monthly progress report on the implementation of this recommendations.

PTI