Carried out search, seizure ops Jun in suspected pump and dump cases
SEBI
This story was originally published at 19:45 IST on 27 June 2025
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--SEBI: Carried out search, seizure ops Jun in suspected pump and dump cases
--CONTEXT: SEBI issues clarification on media reports
--SEBI: Search ops held at multiple places in suspected pump and dump cases
--SEBI: Seized incriminating proof in raids in suspected pump and dump cases
--SEBI: Probe under progress in the raids in suspected pump and dump cases
NEW DELHI – The Securities and Exchange Board of India Friday issued a clarification on media reports of raids in the matter of pump and dump scam. The market regulator said in the clarification it had conducted search and seizure operations at multiple locations this month in this connection in pump and dump in certain stocks.
SEBI said it has "seized incriminating evidence" from these raids. It said investigation in the matter is on. End
Reported by Rajesh Gajra
Edited by Ashish Shirke
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