Archive · 1 Aug 2025
Jane Street Faces Probe, Alleged Non-Cooperation in India
Imagine a company called Jane Street that trades stocks.
They're being looked at by the government because they might have been playing unfairly with the stock market.
The government wants to see their records, but the company isn't making it easy.
The company's records are kept in other countries, and they're not letting the government look at their computers.
The government also checked another company, Nuvama, to see if they helped.
The market regulator, like a referee, is still reviewing the case and may give Jane Street more time to respond.
The trading restrictions were previously lifted after the company put some money aside.
Jane Street, a US-based trading firm, is under investigation for index manipulation.
The Income Tax (I-T) department is facing roadblocks accessing the firm's servers and books of accounts.
Jane Street's Mumbai offices and Nuvama Wealth Management were searched by I-T officials.
The market regulator is considering extending the deadline for Jane Street to submit arguments.
Jane Street had previously been temporarily banned but had restrictions lifted after depositing funds.
- Who
- Jane Street, the I-T department, and market regulators are involved.
- What
- Jane Street is under investigation for index manipulation and non-cooperation with authorities.
- When
- Search operations occurred on Thursday, and the regulator is reviewing the case.
- Where
- Mumbai offices of Jane Street and Nuvama Wealth Management.
- Why
- To investigate potential index manipulation and ensure compliance with regulations.
Jane Street
Authorities
Cooperation
Jane Street
Committed to the integrity of India's markets and is engaging constructively.
Authorities
Non-cooperation with I-T department, hindering investigations.
- Company
- Jane Street
- Location
- Mumbai (offices)
- Investigation
- Index Manipulation
- Regulatory Body
- SEBI
- Funds Deposited
- Rs 4,843.57 crore
- Employees
- Over 2,600