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Rise in Sebi probes on market manipulation

Sebi undertook 155 probes during 2012-13 as compared to the previous five-year average of 86

BS Reporter Mumbai
Last Updated : Jul 04 2014 | 7:13 PM IST

Probes on cases related to market manipulation and share price rigging in Indian markets touched a six-year high in 2012-13, shows data released by the Securities and Exchange Board of India (Sebi).

The latest data available for the nature of investigations is for 2012-13. Sebi undertook 155 probes during 2012-13 as compared to the previous five-year average of 86.

Public issue-related manipulation was second on Sebi's radar.The regulator initiated investigations in as many as 45 such cases during the year, a rise of 28 per cent compared with the previous year. The number of cases under investigation related to insider trading had declined to 12 from 24, while instances related to acquisitions were three during 2012-13.

However, Sebi could conclude its investigation in only 39 of the price rigging cases in 2012-13. In those on public issues, it completed the investigation in 53 cases.

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First Published: Jul 04 2014 | 6:56 PM IST

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