Enforcement Directorate asks Sebi to probe 2G firms for insider trading

Sebi initiates probe; looking into trade positions and role of individuals

The Enforcement Directorate (ED) has sought from the Securities and Exchange Board of India (Sebi) share transaction details of companies linked to the 2G telecom spectrum scam. It has asked the market regulator to probe these companies under its insider trading rules.

According to sources, the probe agency is examining whether these companies were tipped off in advance as the stocks of these companies rallied one day before a Delhi court pronounced the verdict in the 2G case, which was on December 21.

Confirming the development, an ED official said an inquiry letter had been despatched to the market regulator seeking specific