MUMBAI: At least 1,000 individuals and companies have come under markets regulator Sebi’s scanner for allegedly using stock markets to evade taxes and launder money through companies mostly existing on paper. Sebi is focusing on securities market related violations by these individuals and companies, who have used trading in at least 25 listed companies to […]

MUMBAI: In its biggest ever crackdown for suspected tax evasion and laundering of black money through stock trading platforms, Sebi today barred 260 entities, including individuals and companies, from the securities markets. While Sebi would further probe these cases, it has also decided to refer the matter to the Income Tax Department, Enforcement Directorate, Financial […]