SEBI probe News

SEBI has extended the deadline for completing the investigation until November 15 and has directed all involved parties to cooperate fully with the inquiry.

SEBI confirmed that no such subsidiaries exist under McCain, UPL, or Tata Consumer Products Limited. 

The Securities and Exchange Board of India (Sebi) has decided to re-investigate the matter as 'inconsistencies' have been found in the case.

These officers will develop data analytics and business intelligence tools, and also manage internal IT security and audit systems to guard against data loss and theft.

Sebi is focussing on securities market related violations by these individuals and companies, who have used trading in at least 25 listed companies to evade taxes and convert black money into 'legitimate-looking' funds, by creating fictitious gains or losses in the stock market.

However, none of the 13 projects in which their money was invested are completed well after the committed nine-year gestation period, the complaint said.

Under the leadership of U.K. Sinha, appointed in 2011, SEBI has built its capacity to identify suspicious trades, insiders and analysts say.

SEBI said it may probe whether Credit Suisse staff had revealed to Factorial that the L&T Finance deal would be done at a discount.