sebi investigation

Cybercrime in Andhra Pradesh surged by 8% in 2024, with fraud accounting for over half of the 2,528 cases. Victims lost nearly ₹970 crore, with investment scams originating from Southeast Asia being a significant concern. Authorities are intensifying awareness drives to combat these evolving threats.

India asks listed companies to disclose corruption under BRSR. But when private-to-private bribery is not even a criminal offence, the disclosure is meaningless. The UK, Singapore, and Hong Kong closed this gap decades ago. India must too.

The Economic Offences Wing (EOW) is intensifying its fight against white-collar crime, leading to a significant rise in FIR registrations and arrests. Leveraging advanced technology and close coordination with banks, the EOW is effectively tackling property fraud, bank fraud, and Ponzi schemes, while also focusing on public awareness and swift asset recovery.

Sadanand Date, a seasoned IPS officer with extensive experience in the CBI and Mumbai Police's economic offenses units, has been appointed as SEBI's Executive Director. He will now lead the investigations department, leveraging his background in tackling fraud and market manipulation to ensure a fair playing field for investors.

The Supreme Court has expressed strong disapproval of probe agencies' perceived hesitation in investigating Anil Ambani's ADAG group for alleged Rs 40,000 crore loan fraud. Directing CBI and ED to expedite a coordinated inquiry, the court emphasized transparency and fairness. Fresh status reports are mandated within four weeks, with the court urging action against all involved in irregular loan sanctions.

Congress General Secretary (in-charge, communications) Jairam Ramesh said a Joint Parliamentary Committee (JPC) probe is needed to fully investigate the Adani issue, but a speedy sebi investigation is also required to get to the bottom of the "very serious allegations".

A Sebi committee has declined a settlement offer from Zee Entertainment, former chairman Subhash Chandra, and former MD Punit Goenka regarding listing norm violations. Instead, Sebi's adjudicating officer must incorporate new findings from the investigation and issue a fresh show cause notice.

Shares of Zee Entertainment Enterprises Ltd (ZEEL) dropped 12% due to reports of financial inconsistencies uncovered by the Securities and exchange board of India (Sebi). ZEEL stock plummeted on BSE and NSE, while BSE Sensex and Nifty of NSE rose. Sebi's investigation into Zee's founders revealed a potential diversion of approximately Rs 2,000 crore from the company.

NEW DELHI: Sebi is examining the investors' grievances forum petition seeking stay on Grasim Industries' open offer for L&T.

The Supreme Court of India reinforces the ongoing investigation into the Adani-Hindenburg controversy by the Securities and Exchange Board of India (Sebi). The court dismisses the need for further probes and emphasizes the adequacy of Sebi's efforts in addressing allegations of accounting fraud and stock manipulation. The ruling is a setback for the petitioners who challenged the adequacy and impartiality of the Sebi probe. The court's decision highlights Sebi's role in safeguarding market integrity and investor interests, rejecting additional investigations by the Central Bureau of Investigation (CBI) or a special investigation team.

Indian stock market regulator Sebi fined trader Rajat Mishra Rs 20 lakh for insider trading in HAL shares after he sent offensive responses to investigation notices.

Congress urged the central government to address conflicts of interest within Sebi after Hindenburg Research accused Sebi chairperson Madhabi Buch of undisclosed stakes in offshore funds tied to the Adani Group. The party called for a Joint Parliamentary Committee to investigate these allegations and criticized Sebi's lax approach to investigating Adani's offshore entities.

Market regulator Sebi will lay its hands on the big fish in the Rs 7,000 crore Satyam fraud as the Supreme Court permitted it to grill Ramalinga Raju and brother Rama Raju for three consecutive days starting from Wednesday.

Markets regulator Sebi on Wednesday banned global auditing firm Price Waterhouse Network from engaging in audit work with any listed company in India for two years starting April 2018 for its role in the Rs 8,000-crore Satyam scam of 2009.

The Supreme Court on Friday appeared unpersuaded by lawyer Prashant Bhushan, appearing for a third-year law student, who attempted to punch holes in Sebi's probe into 24 cases of irregularities relating to alleged stock market manipulations by the Adani Group and argued that the regulator had failed to take note of "credible information" provided in the Hindenburg report. Bhushan said Hindenburg had received information about alleged stock market manipulations by the Adani Group from Mauritius authorities.

Sebi has uncovered a front-running scheme involving market operator Ketan Parekh and Singapore citizen Rohit Salgaocar. They, along with associates, manipulated trades of a foreign fund, amassing Rs 66 crore illegally. Sebi barred them and 20 other entities from the market, freezing their demat and bank accounts.