Oct 31, 2011, 10.25 AM IST

'Pranab pressured Sebi to go easy on RIL, save Rs 1,500 cr'

A month-and-a-half before he demitted office, former Sebi member KM Abraham wrote an anguished letter to the Prime Minister alleging pressure from Finance Minister Pranab Mukherjee and his advisor Omita Paul to “manage” cases against powerful corporate groups which were being investigated by Sebi.

Source: Moneycontrol.com
Share Share on Tumblr
Share  .  Email  .  Print  .  A+
'Pranab pressured Sebi to go easy on RIL, save Rs 1,500 cr'
A month-and-a-half before he demitted office, former Sebi member KM Abraham wrote an anguished letter to the Prime Minister alleging pressure from Finance Minister Pranab Mukherjee and his advisor Omita Paul to “manage” cases against powerful corporate groups which were being investigated by Sebi.


Among the groups which were allegedly pressuring him were Sahara, Reliance Industries , the Reliance-ADAG group, Bank of Rajasthan and the Multi-Commodity Exchange (MCX).


For the full story click here .


Set email alert for

YouTube One Channel uniform roll-out on June 5
Advani, Swaraj can't wash their hands of  BJP's Karnataka defeat "Advani, Swaraj can't wash their hands of BJP's Karnataka defeat"

From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18
News Videos

May 17 2013, 12:39

F&O cues: Nifty to hover in 5800-6200, says Amit Trivedi

- in MARKET OUTLOOK