Sebi launches search operation in WhatsApp earnings leak case

Around five companies, whose price-sensitive information had leaked on social media, are under investigation

The capital market regulator Securities and Exchange Board of India (Sebi) has launched a massive search operation in connection with WhatsApp earnings leak case.
 
Confirming the development, a regulatory official told Business Standard that about 34 people have been identified and are being searched. These people are company officials, brokers and entities who allegedly gained out of the earnings information which was made public in advance.
 
Nearly 100 Sebi officials and policemen had been deployed for the search operation, which is being done in coordination with the Mumbai police. The search operation will continue for two days, said