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."
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