Jane Street files appeal in SAT, says Sebi probe 'biased, pre-determined'

Jane Street has appealed to the Securities Appellate Tribunal against Sebi's July 3 order, alleging denial of crucial documents and bias in the Nifty Bank manipulation probe

US-based trading firm Jane Street Group on Wednesday filed an appeal in the Securities Appellate Tribunal (SAT) against the Securities and Exchange Board of India (Sebi) in the alleged market manipulation case, according to documents reviewed by Business Standard. 

Jane Street has argued that Sebi denied it access to crucial and relevant documents needed for its defence. The firm has further alleged “bias and pre-determination” by the regulator, accusing Sebi of allegedly “abandoning and reversing” an earlier finding that showed no price manipulation. 

In its appeal, Jane Street has sought the full report of Sebi’s Integrated Surveillance Department