Govt calls for more details from Sebi on RIL proxy buy

“We have said that this is an old case which they (Sebi) should have apparently investigated. What is the outcome of the investigation, we really would like to know. Tell us the benefit of the report on the investigation in order to apply our mind on it,” Corporate Affairs Minister Salman Khurshid told PTI.

“We have asked if they (Sebi) have more material on it (RIL), they can provide it to us. All I can say is it was very inadequate material for us to act upon,” he said.
“It’s not clear when it is the matter of securities, should it not be Sebi who should look at it. Also, when Justice Srikrishna has given his opinion, what took them six months to refer it to us. We have sought all this clarity,” Khurshid said. Khurshid had, however, said that nobody would be allowed to “dig old graves”. “The regulator will do its work. If anybody tries to exert pressure, we will not work under pressure”.