SEBI cracks down on prop-trading scam, data centre taxes and jewellery sales sparkle - Editor’s Picks from Moneycontrol
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SEBI is investigating a potential fraud related to proprietary trading, with some reports suggesting it could be worth ₹104 Cr. The probe has raised questions about the regulator's ability to prevent similar frauds in the future. The investigation appears to involve foreign entities, including Jane Street, and may be connected to a US-based dispute.