sebi probe

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.

Fino Payments Bank CEO Rishi Gupta was arrested by DGGI in Mumbai for alleged GST evasion linked to online betting. Investigators suspect nearly Rs 3,000 crore from betting app transactions were routed through banking channels. The bank stated the arrest concerns business partners, not its GST compliance, and it is cooperating with authorities.

Bengaluru-based digital gold startup Jar Gold Retail is challenging an FIR registered under the Banning of Unregulated Deposit Schemes Act, 2019. The company, accused of operating without RBI/SEBI permission, has approached the Karnataka High Court seeking to quash the FIR and unfreeze its assets. The case is currently being probed by the CID.

Amid a continuing sebi probe into a phony investment syndicate active in the national capital region, six private life insurers have joined hands to fight the menace of mis-selling of insurance products through spurious calls made by fraudulent agents.

Anil Ambani group today said Reliance Infra and RNRL settled the sebi probe through voluntary terms proposed by them and the regulator did not impose any ban on the companies or their directors.

A senior Gujarat IPS officer is under investigation for alleged involvement in a stock market fraud linked to a YouTube broadcasting firm. Sebi's probe revealed price manipulation and fraudulent trading. The officer has agreed to pay a settlement sum while investigations continue.

The Supreme Court asked Sebi to submit by August 14 the status of probe into Hindenburg's allegations of stock price manipulations against Adani group companies but refused to convert the court proceedings into a roving inquiry, including investigations into the alleged role the LIC, which had invested a substantial amount in Adani companies.

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.

NEW DELHI: The market regulator Sebi's probe into "Black Monday", the biggest meltdown in the history of Indian stock markets is headed nowhere, although there are conspiracy theories galore, many of them floated by influential politicians.

New Delhi, Feb 10 () As a sebi probe continues into alleged preferential access given by top stock exchange NSE to some brokers through its 'co-location' facility, premier investigative agency CBI has sought details from the market watchdog on this matter.

India's market regulator, the Securities and Exchange Board of India (Sebi), has found violations of disclosure rules and limits on offshore fund holdings by the Adani group. The investigation was launched after concerns were raised by US-based Hindenburg Research, resulting in a significant drop in the market value of Adani's companies.

The AP High Court on Tuesday sought to know from the centre as to what it was doing on the issue of the CBI probing the Satyam scam.

Anil Ambani on Sunday claimed that his two group firms -- Reliance Infra and RNRL -- settled the sebi probe voluntarily and the regulator has not imposed any ban on the companies or their directors from participation in the capital market.

Ramalinga Raju's lawyer S Bharath Kumar said on Thursday that market regulator Sebi's plea to interrogate Raju would be opposed when the matter comes up for hearing on Friday.