Archive · 1 Aug 2025
Sebi Calls Sanjiv Bhasin 'Kingpin' in Front-Running Case
Imagine someone knows a stock price is about to go up.
They buy it first and then tell everyone else to buy it too.
That's front-running, and Sebi thinks Sanjiv Bhasin did it.
They say he was the mastermind and made over 11 crores.
Now, Sebi is making Bhasin pay 1 crore while the investigation goes on.
Bhasin says this is all wrong and that the numbers are made up, claiming he didn't benefit directly from any wrongdoings.
He also said that some of the profits calculated by SEBI were incorrect.
Sebi alleged Sanjiv Bhasin was the 'kingpin' in a front-running case at the Securities Appellate Tribunal.
The tribunal directed Bhasin to deposit ₹1 crore in favor of Sebi.
Sebi's claims stem from a June order alleging Bhasin's involvement in front-running and stock manipulation.
Bhasin is accused of buying securities and later recommending them on news channels.
Bhasin denies the allegations, claiming the financial figures are based on imagination.
- Who
- Sanjiv Bhasin, former IIFL Securities director, and Sebi.
- What
- Sebi alleged Sanjiv Bhasin was the 'kingpin' in a front-running and market manipulation case.
- When
- The allegation was made during a hearing on Friday.
- Where
- Securities Appellate Tribunal in Mumbai.
- Why
- Sebi alleges Bhasin engaged in front-running and market manipulation, violating regulations.
Sebi's View
Sanjiv Bhasin's View
Role in Manipulation
Sebi's View
Sanjiv Bhasin was the main player in market manipulation
Sanjiv Bhasin's View
Sanjiv Bhasin denies all accusations and says the numbers are incorrect
Validity of Charges
Sebi's View
Bhasin's actions violated SEBI's Research Analyst Regulations.
Sanjiv Bhasin's View
The charges are excessive, disproportionate, and based on erroneous calculations.
- Defendant
- Sanjiv Bhasin
- Accusation
- Front-running and market manipulation
- Regulator
- Securities and Exchange Board of India (Sebi)
- Tribunal Decision
- Bhasin to deposit ₹1 crore
- Alleged Gains
- ₹11.7 crore
- Bhasin's Defense
- Denies all charges and claims calculations are incorrect