Jane Street is not cooperating with the Income Tax Department. A person associated with the case gave this information on 1 August. He said that Servi of Jane Street is out of India. Access is being blocked. Books of Accounts are also being maintained out of India, while according to India’s rules, it is necessary to maintain in accounts India. It is said that only some staff of Jane Street are in India. They are also not cooperating in the investigation. The person gave this information on the condition of not expressing the name.
Income tax department surveyed the trading trading trading trading trading
The person said that it is not possible to tell much about this right now. Income Tax Department Management strategy can be estimated only after getting all the data of the transaction, full control of the Books of Accounts. This information in Mumbai Jane street The on-group trading partner Nuwama came to light after a survey of the IT department at Wealth Management locations.
Nuwama will disclose stock exchanges if needed
Nuwama Wealth said in the stock exchange filing, “The Income Tax Department is surveying under Section 133A of the Income Tax Act, 1961. The company is fulfilling full collaboration with authorities and the information sought is being provided.” The company also said that the survey has not been completed yet. If there is a need for any kind of disclose, the company will do it to the stock exchanges under SEBI Regulations, 2015. The company’s functioning is going on in a normal way.
SEBI ordered Jane Street on July 3
SEBI issued an interim order against Jane Street and its associated companies on 3 July. What kind of trading was banned by the regulator on Gen Street Group companies in Indian markets. Jane Street is accused of manipulation at Indian Stock Markets. He adopted a special strategy to earn profit, which was considered equal to manipulation.
Jane Street deposited 4,843 crore in escrow account
SEBI had ordered Jane Street to deposit Rs 4,843 crore in the Escro account. Regulator believes that this money has been earned by Jane Street from market manipulation. Jane Street has deposited this money in the Escro account. She wants to start trading again in Indian markets. However, earlier he had talked about challenging SEBI’s order legally.
Jane Street denied allegations of manupletion
Jane Street has denied the allegations of Sebi of Manipulation. He has also said that the trading strategy he used was Standard Arbitrase Trades. After depositing Jane Street money, SEBI lifted the ban last week.