 "I-T, income tax, raid, scanner, investigation, money laundering,")
The Securities and Exchange Board of India’s (Sebi’s) investigation into money laundering by Indian nationals through foreign capital markets seems to have hit a hurdle. According to sources, the Indian regulator has sought several key pieces of evidence from foreign agencies, but a majority of these requests have been pending for months, stalling further investigations.
In many of the cases, foreign regulators are also reluctant to share information, especially the bank account details. Legal experts say Sebi has agreements with market regulators of 30 countries and can directly approach them for market-related information. However, documents like bank account statements
In many of the cases, foreign regulators are also reluctant to share information, especially the bank account details. Legal experts say Sebi has agreements with market regulators of 30 countries and can directly approach them for market-related information. However, documents like bank account statements
