Indian Market Regulator Sebi Scans Matrimonial Website to Catch Manipulators
To catch manipulators, Indian market regulator Sebi has started looking at matrimonial profiles of suspected persons to establish the link with family members in front running cases.
The markets watchdog has been scanning Facebook accounts of suspected persons in cases related to insider trading cases.
In the case of front running of several funds of Fidelity Group entities, Sebi has checked the profile of a trader Vaibhav Dhadda (who was using the alias Avi) at the matrimonial website www.jainshubhbandhan.com in order to establish his link with family members.
The matrimonial website has mentioned Vaibhav as the son of Alka Dhadda, Sebi said in an interim order dated December 5.
In addition, his passport details also showed Alka Dhadda as his mother.
After gathering evidenc...