Sebi had on April 4 given brokerages 60 days’ time to have their books vetted. The Securities and Exchange Board of India (Sebi) has come across fresh evidence indicating that as many as five brokers might have used the ‘exchange mechanism’ to launder money in the Rs 5,574-crore National Spot Exchange (NSEL) scam, according to […]

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 […]