Income tax department conducted survey operation at Jane Street’s locations, know what is the whole matter
Income tax department On Thursday, a survey operation was conducted at the locations of some broking companies as part of an investigation into alleged tax evasion against American -owned trading company Jane Street. Official sources gave this information. Let us tell you that Jane Street was recently accused of rigging in the Indian stock market. Sources said the department has recently been conducting a ‘verification’ campaign against Jane Street keeping in mind the action of capital market regulator SEBI. The Securities and Exchange Board of India (SEBI), in its interim order on July 3, was found guilty of manipulating the index by placing bets in futures and options markets as well as cash to earn huge profits.
SEBI seized profit of Rs 4843 crore
From this, SEBI stopped ‘Hedge Fund’ from entering the market and also seized a profit of more than Rs 4843 crore. The investigation found that Jane Street earned a profit of Rs 36,671 crore on a net basis during the investigation period from January 2023 to May 2025. Let us tell you that hedge funds are private and non-registard investment funds. However, on July 21, SEBI had allowed the restrictions imposed on Jane Street and resumed the business when the company deposited a compulsory amount of Rs 4843.57 crore in the Escro account.
Order to monitor Jane Street Group transactions
SEBI said in a statement on 21 July that Jane Street Group had deposited an amount of Rs 4843.57 crore, following the instructions given in section 62.1, according to para 62.11 of the interim order issued on July 3, 2025 in the index case. SEBI said that the respective institutions have been instructed not to directly or indirectly involve any fraud, rigging or inappropriate business behavior. This includes trading in securities using any method mentioned in the interim order. SEBI had also directed the stock markets to continuously monitor the transactions and situation of the Gen Street Group to ensure further strict monitoring.
With PTI inputs
Latest business news
