SEBI freezes ₹28 crore, bars broker from derivatives trading over price rigging
Regulator says Mumbai broker and a linked company ran a novel scheme to fake profits in stock futures and options
SEBI has frozen the bank accounts of Mumbai-based stock broker Prrsaar Sampada and Chaubara Eats, totaling ₹28.12 crore, due to accusations of price manipulation in stock futures and options through a coordinated trading scheme. The regulator examined 23 scrip-days in detail for both parties, covering stocks such as KFin Technologies, Swiggy, and Hindustan Zinc, among others.
SEBI has barred the six parties, including four individuals linked to the companies, from trading in derivatives until the impounded funds are deposited in a fixed deposit account.
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