The Securities and Exchange Board of India clarified media reports by confirming it conducted search and seizure operations at multiple locations in June 2025 in connection with alleged pump-and-dump activity in certain scrips, seized incriminating evidence, and stated that the investigation is ongoing.
Securities & Exchange Board of India 2025-06-27
Securities and Exchange Board of India confirms June 2025 search and seizure operations in pump-and-dump investigation
The Securities and Exchange Board of India confirmed conducting search and seizure operations in June 2025 related to alleged pump-and-dump activities in certain scrips. Incriminating evidence was seized, and the investigation is ongoing.