Stock market regulator Securities and Exchange Board of India (Sebi) has increased the use of search-and-seizure operations, a relatively recent addition to its powers, as it conducted 106 operations across 83 locations, including those outside major metros, in FY24, according to data from the regulator's annual report released earlier in August. This is more than 100 per cent increase from FY23, data compiled from previous annual reports showed. Sebi had conducted search and seizure operations covering 47 entities across 40 locations in FY23.
Teams involved in such operations typically travel to these locations on a confidential basis, sharing information only with those who need to know these info, even within the regulator. "They visit even remote places," said a Sebi official.
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