New Delhi: In response to a Mint story published on Thursday, the ministry of finance (MoF) has clarified that it has not received any reference by the Central Vigilance Commission (CVC) on the allegations levelled by former Securities and Exchange Board of India (Sebi) member KM Abraham.
“Rather the position is other way round, as the references received relate to the allegations made against Dr. Abraham,” the clarification stated.
A senior finance ministry official, who did not want to be identified, added that in this context, they had already submitted the documents to CVC.
Mint had reported that CVC had initiated investigations into the allegations levelled by Abraham and had accordingly sought a report from the finance ministry.
The present controversy began when the Central Board of Direct Taxes, citing a conflict of interest and violation of service rules, started an investigation into the purchase of a flat each by Abraham and M.S. Sahoo, also a former member of Sebi, in Mumbai.
This was after the finance ministry received anonymous complaints, along with the details of the purchase deeds and the income-tax returns of both Abraham and Sahoo.
Sebi informed the finance ministry that the allegations were baseless.
The tenure of Abraham, a serving Indian Administrative Service officer, on the Sebi board ended on 20 July.