200 Companies Under Sebi’s Scanner Amid Probe Into Alleged Pump-and-dump Schemes

The Securities and Exchange Board of India (SEBI) is ramping up efforts to combat marketplace manipulation, initiating a large-scale investigation into alleged pump-and-dump operations successful nan Indian banal market. Nearly 200 listed companies are nether scrutiny for purportedly inflating banal prices earlier trading shares to unsuspecting investors, according to a study by NDTV Profit. This improvement underscores SEBI's committedness to maintaining marketplace integrity.

In a important move, SEBI has executed hunt operations crossed much than 80 locations complete nan past 3 days. The regulator has confiscated information from complete 100 computers and 150 mobile phones, illustrating nan extended integer investigation involved. SEBI's broad actions shape portion of a broader run initiated complete respective months to protect investors' interests. "It is hereby clarified that SEBI has conducted hunt and seizure operations astatine aggregate locations successful nan period of June 2025 successful relationship pinch pump and dump successful definite scrips and has seized incriminating evidence. Investigation successful nan matter is nether progress."

Jane Street case

Jane Street, a world trading firm, faces accusations from SEBI for manipulating nan Bank Nifty scale done strategical acquisition and waste activities, allegedly securing important profits astatine nan disbursal of unit investors. This action against Jane Street has sent shockwaves done nan Indian trading community, highlighting nan standard and seriousness of SEBI's enforcement efforts.

SEBI's interim bid has banned Jane Street from trading successful nan Indian markets. The firm, however, is poised to situation SEBI's findings. Kinjal Champaneria, Partner astatine Solomon & Co., explained nan ineligible options available: "As per SEBI’s bid dated 3rd July 2025, SEBI has imposed respective conditions and person sought further accusation from nan entities. These see deposit of amounts, specifications of trades, specifications of assets etc. Considering nan principles of earthy justice, nan entities person 21 days to taxable their replies aliases objections and whitethorn petition a individual hearing."

Abhiraj Arora, Partner astatine Saraf & Partners, outlined Jane Street's strategical decision-making process: "Jane Street faces an contiguous strategical dilemma: should they usage nan 21-day model to record a reply and reason earlier nan SEBI Whole Time Member (WTM), aliases should they instantly record an entreaty earlier nan Securities Appellate Tribunal (SAT)?"

Arora further elaborated connected nan ineligible strategy: "They should record a elaborate reply pinch WTM wrong nan stipulated 21 days. This demonstrates compliance pinch nan regulatory process and is their first opportunity to formally rebut nan allegations connected record. Alternatively, fixed nan severity of nan complete cessation of business and impounding of complete ₹4,800 crore, they would apt record an entreaty pinch SAT immediately."

SEBI's chairman, Tuhin Kanta Pandey, reaffirmed nan regulator's stern attack towards marketplace manipulation, stating, "Surveillance has been accrued some by nan regulator and besides astatine nan speech level." This accent connected heightened vigilance reflects SEBI's resoluteness to bolster investor assurance and uphold marketplace standards.

The unfolding cases of nan alleged pump-and-dump schemes and nan high-profile Jane Street incident are being intimately monitored by manufacture insiders, fixed their important implications for regulatory practices and marketplace assurance successful India's financial markets. As SEBI continues its rigorous scrutiny, nan outcomes could reshape nan scenery of regulatory enforcement and marketplace operations.

Published on: Jul 12, 2025 12:10 PM IST