‘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).

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