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The Securities and Exchange Board of India (Sebi) is said to have identified 34 people in the WhatsApp earnings leak case. The regulator has launched a massive “search and seizure” operation on persons directly or indirectly connected to the blue-chip companies whose earnings got leaked.
According to a regulatory official, these 34 people are company executives, brokerages, and entities who allegedly gained out of the leaked price-sensitive information.
Sources say this is the first case where Sebi has conducted such a massive operation against big firms. About 30 Sebi officials and 70 policemen were deployed for the search operation in
