In its ongoing investigations into the market crash of March this year, the Securities and Exchange Board of India (Sebi) officials have now turned to the sub-accounts of foreign institutional investors (FIIs).
Sebi officials said trading particulars of select FIIs are being sought from custodians with a view to ascertaining how they could have contributed to the sell-off in the market and their trading patterns.
The investigations will revolve around how funds have been channelled through the sub-account route to Indian market through Indian brokerages