Millennium Post

Sebi started probe into 108 fresh cases last fiscal

Capital market watchdog Sebi started probe into 108 new cases related to manipulations in the securities laws and completed investigation in 120 matters during the last financial year.

With this the total number of cases at the end of 2013-14 stood at 1,880, of which investigations into 1,659 matters have been wrapped up by the market regulator.

‘During 2013-14, 108 new cases were taken up for investigations and 120 cases were completed compared to 155 new cases taken up and 119 cases completed in 2012-13,’ Sebi said in its latest annual report.

Of the 108 cases where Sebi had began probes in 2013-14, 62 per cent (67 cases) pertained to market manipulation and price rigging as against 55 per cent matters in 2012-13.
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