sebi investigation

Cybercrime in Andhra Pradesh surged by 8% in 2024, with fraud accounting for over half of the 2,528 cases. Victims lost nearly ₹970 crore, with investment scams originating from Southeast Asia being a significant concern. Authorities are intensifying awareness drives to combat these evolving threats.

India asks listed companies to disclose corruption under BRSR. But when private-to-private bribery is not even a criminal offence, the disclosure is meaningless. The UK, Singapore, and Hong Kong closed this gap decades ago. India must too.

The Economic Offences Wing (EOW) is intensifying its fight against white-collar crime, leading to a significant rise in FIR registrations and arrests. Leveraging advanced technology and close coordination with banks, the EOW is effectively tackling property fraud, bank fraud, and Ponzi schemes, while also focusing on public awareness and swift asset recovery.

Sadanand Date, a seasoned IPS officer with extensive experience in the CBI and Mumbai Police's economic offenses units, has been appointed as SEBI's Executive Director. He will now lead the investigations department, leveraging his background in tackling fraud and market manipulation to ensure a fair playing field for investors.

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.

Congress General Secretary (in-charge, communications) Jairam Ramesh said a Joint Parliamentary Committee (JPC) probe is needed to fully investigate the Adani issue, but a speedy sebi investigation is also required to get to the bottom of the "very serious allegations".

A Sebi committee has declined a settlement offer from Zee Entertainment, former chairman Subhash Chandra, and former MD Punit Goenka regarding listing norm violations. Instead, Sebi's adjudicating officer must incorporate new findings from the investigation and issue a fresh show cause notice.

Shares of Zee Entertainment Enterprises Ltd (ZEEL) dropped 12% due to reports of financial inconsistencies uncovered by the Securities and exchange board of India (Sebi). ZEEL stock plummeted on BSE and NSE, while BSE Sensex and Nifty of NSE rose. Sebi's investigation into Zee's founders revealed a potential diversion of approximately Rs 2,000 crore from the company.

NEW DELHI: Sebi is examining the investors' grievances forum petition seeking stay on Grasim Industries' open offer for L&T.