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Sebi to take action on Anil's complaints
PTI [ WEDNESDAY, MAY 18, 2005 11:40:45 PM ]

NEW DELHI: Sebi has said it will take appropriate action on complaints filed by RIL V-C and MD Anil Ambani.
"We have received certain letters from the company's V-C and MD (Anil Ambani). We are acting on those letters.

We will do whatever is necessary," Sebi chairman M Damodaran said. He said Anil's letters talk about some issues, but declined to elaborate. "We know about those issues and we know how to address them. We have started looking at those issues."

Asked what actions the regulator was contemplating on RIL on the basis of Anil's letters on alleged breach of corporate governance norms, he said Sebi will take "actions on whatever is merited in the circumstances of what the contents of the letter are."

 
http://timesofindia.indiatimes.com/articleshow/1114902.cms