Sebi shares info on 14,720 entities involved in non-genuine trades with IT Dept, MCA
Updated : June 18, 2018 06:56 AM IST
The 59 entities were probed to check whether they violated norms pertaining to fraudulent trade activities during the period from April 1, 2014 March 31, 2015.
The findings of the probe, relating to profits and losses incurred by the 14,720 entities have been shared with various authorities, the official said.
During the investigation period, out of the more than 21,600 entities that had traded on the BSE's stock options segment, Sebi found that as many as 14,720 entities were involved in "generation of artificial volumes" by executing non-genuine and reversal trades, as per the official.