Archive · 1 Aug 2025
Jane Street Not Cooperating in India Tax Probe: Sources
The Indian government is investigating Jane Street, a global trading firm, for tax reasons.
Jane Street isn't helping the investigation because its important computer data and financial records are kept outside India, making it difficult to access.
The few Jane Street employees in India are also not cooperating.
A regulator previously banned Jane Street for allegedly manipulating the stock market.
The company has deposited a large sum in a special account to keep trading while protecting its legal rights.
Jane Street is not cooperating with an Income Tax Department investigation.
Access to the company's servers, located outside India, is blocked.
The firm's books of accounts are maintained outside India.
Jane Street has a minimal staff presence in India, with employees not cooperating.
SEBI previously barred Jane Street from Indian markets for alleged index manipulation.
- Who
- Income Tax Department and Jane Street.
- What
- Jane Street is not cooperating with the Income Tax Department's investigation.
- When
- The investigation is ongoing.
- Where
- Servers and books of accounts are located outside India.
- Why
- To investigate tax-related matters.
Jane Street
Income Tax Department
Cooperation
Jane Street
Jane Street is not cooperating with investigation
Income Tax Department
Income Tax Department is conducting a survey.
- Company
- Jane Street
- Action
- Non-cooperation with I-T investigation
- Location of Servers
- Outside India
- Location of Financial Records
- Outside India
- Regulatory Body
- SEBI
- Escrow Account
- ₹4,843 crore deposited
Sources
Income Tax Department Conducts Raids At Premises Of Nuvama, Jane Street In Mumbai
Jane Street: Income tax department conducting surveys at Nuvama Wealth, stock down
IT Dept raids Nuvama, Jane Street offices in Mumbai in ongoing financial irregularity investigation
IT Dept raids Nuvama, Jane Street offices in Mumbai in ongoing financial irregularity investigation
IT Dept conducts survey operation in case against Jane Street
I-T Dept conducts survey operation in case against Jane Street
Nuvama Wealth clarifies on I T survey; stock slips 2%
I-T Dept conducts survey operation in case against Jane Street
I‑Tax department surveys Nuvama amid Jane Street probe
I-T conducts search ops at Jane Street, Nuvama’s Mumbai offices
Jane Street global trading firm not cooperating with Income Tax probe: Sources
Jane Street not cooperating with IT department in investigation: Report
Jane Street not co-operating with I-T department in ongoing probe, taxmen face ‘blocked access’: Report