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Sebi's Turbocharged Probes: More Cases, Sharper Cases
23 Dec
Summary
- Sebi initiated 400 investigations in FY25, a significant increase from previous years.
- AI and expanded teams are key to Sebi's strategy for more thorough investigations.
- Sathe and Jane Street cases highlight Sebi's new, in-depth investigative approach.
The Securities and Exchange Board of India (Sebi) has initiated an unprecedented number of investigations, launching 400 new probes in the financial year 2024-25. This marks a significant escalation from the 342 fresh investigations in FY24 and 144 in FY23. Sebi is leveraging advanced technology, particularly artificial intelligence, and has significantly expanded its investigations department to manage this increased caseload and enhance the thoroughness of its inquiries.
Recent Sebi orders, such as those against Avadhut Sathe and Jane Street, exemplify this shift. These detailed, often lengthy documents, meticulously analyze evidence like video recordings, chat logs, and trading data. This intensive approach contrasts with earlier investigations, like the 2023 Axis Mutual Fund case, and aims to create "watertight" cases that are more resilient to challenges at the Securities Appellate Tribunal (SAT).
