India’s market regulator Sebi has barred U.S.-based buying and selling big Jane Road Group and its associates from accessing Indian markets, citing proof of index manipulation and derivatives abuse. In a 105-page interim order issued Friday, Sebi alleged the agency distorted Nifty and Financial institution Nifty indices utilizing complicated expiry-day methods, deceptive retail merchants. The regulator has frozen Rs 4,840 crore in alleged earnings and banned 4 Jane Road entities.
Listed below are 10 issues to find out about how one among Wall Road’s most secretive companies made Rs 36,500 crore by gaming Dalal Road.
