A whole-time board member of the Securities and Exchange Board of India (SEBI), the stock market regulator, has complained to the government that he and his family are at grave risk after his letter to the Prime Minister complaining against Finance Minister Pranab Mukherjee, the ministers advisor Omita Paul, and his chairman U K Sinha, was sent to the finance ministry and his identity leaked.
In that first letter sent on June 1, K M Abraham, a 1982 IAS Kerala-cadre officer his term in SEBI ended on July 20 alleged that Mukherjee and Paul put pressure on Sinha to manage some high-profile corporate cases and, in the process, undermined the regulators integrity.
Abrahams letter referredto several enforcement cases against groups including Sahara, Reliance Industries Ltd and ADAG companies, Bank of Rajasthan and MCX-SX