Parakh made the statement a day after the FIRs were filed against Parakh and industrialist Kumar Mangalam Birla for alleged irregularities and criminal conspiracy in the allocation of the two blocks.

"I don't think this is any serious issue at all. There is no case in what CBI is trying to make out. It was a very fair and correct decision which we took... I made a proposal and the prime minister took a decision," he said.