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Bloomberg Quint

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Image Credit: Bloomberg Quint

SEBI’s Massive Pump-And-Dump Crackdown: Over 200 Companies Likely Under Scanner

  • SEBI is intensifying its investigation into a large-scale pump-and-dump operation involving shell companies, possibly impacting over 200 companies.
  • The focus is on entities suspected of artificially inflating stock prices and offloading them to unsuspecting investors.
  • SEBI is examining data from over 150 mobile devices and 100 computers, with recent searches covering more than 80 premises in this ongoing enforcement crackdown.
  • The probe involves detailed forensic analysis of digital devices seized during raids on a suspected network of shell companies manipulating stock prices.

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