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SEBI raids 30 brokers as it steps up probe over prescient WhatsApp chats

The investigation is looking into who was responsible for circulating prescient messages about major Indian companies' corporate announcements in social media chatrooms

Reuters  |  Mumbai 

Dozens of Indian securities officials descended on the homes of brokers and others on Friday in a widespread early morning raid in Mumbai, and possibly other cities, a regulatory source said. The Securities and Exchange Board of India (SEBI) raids are a sign that a probe by the regulator is gathering steam. The investigation is looking into who was responsible for circulating prescient messages about major Indian companies' corporate announcements in social media chatrooms, according to the regulator. The investigation was triggered last month after Reuters reported at least ...

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First Published: Sat, December 23 2017. 13:22 IST
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