Suspecting foul play in the crashing of stock markets over the past few months, Sebi is probing at least 25 entities, including brokerage firms, FIIs and mutual funds.
Hit hard by a heavy sell-off in its stocks, Anil Ambani group said it blamed a bear cartel and corporate rivals for the plunge, and sought a Sebi probe.
It alleged that the cartel could have caused a loss of over Rs 3,00,000 crore in infrastructure stocks over the past few weeks, while claiming to have identified some rogue stock brokers, whose names it has submitted to Sebi.
Source:https://timesofindia.indiatimes.com/business/india-business/Sebi-probing-possible-foul-play-in-crashing-of-stock-markets/articleshow/7486260.cms
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