The Commission has directed SEBI to disclose the names of entities which were allegedly involved in the insider trading of shares of Reliance Petroleum in 2007.
Canary Trap has been reporting on the entire issue since May 2011. This eBook is a compilation of all the articles written by petitioner Arun Agrawal and published on our blog.
A complaint filed with the Central Vigilance Commissioner (CVC) confirms Abraham's allegations that "the finance minister and his advisor pressurized the SEBI chairman to manage some high-profile corporate cases".
None of the people involved in the cover up have answered the question as to who was the owner of Tiger Trustee from 2/3/07, the date on which the application was filed to 18/10/07, the date on which pan-India license was given to Reliance Communication and on which date the company Tiger Trustee was transferred to Balwa and Goenka for a paltry investment of 4.99 crores?
One of the companies under the Central Bureau of Investigation (CBI) scanner, which is probing the alleged 2G spectrum scam, has also figured in an earlier complaint to the Central Vigilance Commission (CVC) filed in February this year. The CVC received a complaint this year against the Telecom Minister, and the officials of the Telecommunications Ministry who were involved in the decision of giving telecom license to Reliance Communication on 18 October 2007 and to other companies on 10 January 2008 under the first cum first serve policy.