Overseas trader’s manipulation of Indian Stock Market prompts need for judicial investigation

be held responsible for the losses to investors to the tune of $ 5 billion from January 2023 till recently? How do the Ministry of Finance and SEBI propose to compensate retail investors for the losses suffered by them?

Now, in view of SEBI’s failure to detect manipulation by Jane Street since January 2023, it is all the more necessary and urgent for your Ministry to institute a judicial enquiry into all these serious complaints against the former Chairman of SEBI, failing which one will be constrained to infer that your Ministry is complicit. 

I hope that your Ministry will wake up top this letter without delay

Regards,

Yours sincerely,

E A S Sarma

Former Secretary to the Government of India

Visakhapatnam