MUMBAI: Sebi has received four stories within the subject relating the leak of price-sensitive information of businesses thru WhatsApp and is wearing out additional investigations, chairman Ajay Tyagi said these days.
In the high profile case, the Securities and Exchange Board of India (Sebi) has handed initial orders in opposition to HDFC Bank, Tata Motors, Axis Bank and Bata India. These firms had been also asked to conduct inside probes and report back to the regulator.
"We have received four reports," Tyagi said right here.
The firms had been "asked to do their own internal investigation", he said, including that the regulator is examining the stories and doing additional investigation.
In the subject, Tyagi said it could do "whatever is required to be done".
Soon after the initial orders had been handed via Sebi, the four firms had said that they might agree to the directions from the regulator.
Sebi's initial probe found that the companies' quarterly financial results had been matching with the figures that had been in circulation on WhatsApp groups prior to the reputable announcement.
Around a dozen listed corporations are under the scanner of Sebi.
Sebi started a probe in November 2017 after a media report surfaced with admire to the circulation of unpublished payment sensitive information in more than a few personal WhatsApp groups about certain firms prior to their reputable announcements.
The regulator had also performed seek and seizure operations in this regard at more than a few puts, together with on the premises of more than a few marketplace entities.
Those being probed via Sebi include auditors, brokers, analysts and funding advisors, besides the corporate executives, with whom the financial information used to be shared prior to being made public thru regulatory disclosure on inventory exchanges.
In the high profile case, the Securities and Exchange Board of India (Sebi) has handed initial orders in opposition to HDFC Bank, Tata Motors, Axis Bank and Bata India. These firms had been also asked to conduct inside probes and report back to the regulator.
"We have received four reports," Tyagi said right here.
The firms had been "asked to do their own internal investigation", he said, including that the regulator is examining the stories and doing additional investigation.
In the subject, Tyagi said it could do "whatever is required to be done".
Soon after the initial orders had been handed via Sebi, the four firms had said that they might agree to the directions from the regulator.
Sebi's initial probe found that the companies' quarterly financial results had been matching with the figures that had been in circulation on WhatsApp groups prior to the reputable announcement.
Around a dozen listed corporations are under the scanner of Sebi.
Sebi started a probe in November 2017 after a media report surfaced with admire to the circulation of unpublished payment sensitive information in more than a few personal WhatsApp groups about certain firms prior to their reputable announcements.
The regulator had also performed seek and seizure operations in this regard at more than a few puts, together with on the premises of more than a few marketplace entities.
Those being probed via Sebi include auditors, brokers, analysts and funding advisors, besides the corporate executives, with whom the financial information used to be shared prior to being made public thru regulatory disclosure on inventory exchanges.
WhatsApp leak matter: Sebi receives 4 reports, doing further investigation
![WhatsApp leak matter: Sebi receives 4 reports, doing further investigation]()
Reviewed by Kailash
on
June 22, 2018
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