Sebi scans matrimonial website to nail fraudster in front-running case

Bars Fidelity employee and family members from stock market for allegedly pocketing illegal gains

The Securities and Exchange Board of India (Sebi) on Thursday barred Fidelity employee Vaibhav Dhadda from dealing in the markets and ordered the freezing of his assets, after its probe prima facie showed that Dhadda and his mother and sister were responsible for pocketing gains through a front-running operation.

Interestingly, in order to establish link between Vaibhav -- who was using the alias Avi -- and his family members, the market regulator scanned his profile on the matrimonial website www.jainshubhbandhan.com.

Sebi found out that the PAN provided by Avi was registered in Vaibhav Dhadda's name. His passport details named Alka