SEBI takes strict action in front-running case, bars 9 entities, seizes over ₹21 crore
The Statesman Delhi|December 23, 2024
Market regulator, the Securities and Exchange Board of India (SEBI) has taken strict action in a front-running case, banning PNB Met Life Insurance Company's equity dealer Sachin Bakul Dagli and eight other entities from the stock market.
AGENCIES

According to the SEBI, front-running was being done by Dagli and eight entities for more than three years and during this period, all of them collectively earned illegal profits of Rs 21.16 crore.

The market regulator banned Dagli and the eight entities from the stock market and seized the unlawful gains.

The SEBI had investigated some suspicious front-running trades related to PNB MetLife India Insurance before this action.

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