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.
Though there have been extra-constitutional authorities and power centres in the past, the country has not known an official power centre like that of Omita Paul.
The capital market is a highly complex subject having huge impact on the economy. It cannot be left to the mercy of amateurs and interlopers posing as experts and to do so is inviting a third scam from which it will be difficult to recover.
It needs to be mentioned that Mr Khosla was not even on the shortlist of the selection committee. The post of the chairman has been vacant since last ten months so that he alone may be selected for the post.
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".
Complaint against Mrs Omita Paul, Advisor to the Finance Minister with the rank of Secretary.