Didn't change order on FM's request: Sebi

Market regulator SEBI today scotched speculation that it went back on its interim order relating to the IPO scam to avert a stock market meltdown after finance minister P Chidambaram intervened.

"We have not reversed or changed anything in the interim order," sebi chief M Damodaran said, emphasising that Sebi had to issue a clarification only because of mis-reporting.

"Media can write any crap. I can't be denying each and everything. This is a democratic country. Anybody can say or write anything," he said, adding he had not met or talked to finance minister for several days.

The regulator said it would probe the 491 point drop in the market, which followed its interim order of Thursday barring 24 intermediaries from trading.

"Today is only Monday. Yesterday and day-before were Saturday and Sunday. We shall be enquiring into it," Damodaran said.