Whalesbook
Sebi Ka Action: Kya Hai Poora Mamla?
Sebi ne ekdum tight investigation shuru kar di hai! Yeh jo apna India ka deal market chal raha hai na, jo 2025 mein $133 billion ka ho gaya tha aur jisme 2,658 transactions hue the, woh ab regulatory spotlight mein aa gaya hai.
Aarop yeh hai ki EY aur PwC, jo ki duniya ki top professional services firms hain, unke kuch senior partners insider trading mein involve the. Yeh sab basically 2022 mein Yes Bank ki ek share sale ke time ka hai. Sebi ka kehna hai ki unpublished price-sensitive information leak hui thi, jo internal 'Chinese walls' ko tod kar exchange hui, jisse kuch logon ne illegal fayda uthaya.
Is wajah se Sebi ne EY India ke Chairman aur CEO Rajiv Memani, COO Hiresh Wadhwani, aur PwC India ke Chief Industries Leader Arnab Basu jaise top logon se sawaal-jawab shuru kar diye hain, taaki woh bata sakein ki unki firms ke internal controls mein kahan kami reh gayi.
India Ka Deal Market Boom Aur Risk
India ka financial market waakai mein zabardast perform kar raha tha. 2025 mein, M&A deals se $60.2 billion aaye the, private equity aur venture capital (PE/VC) se $37 billion invest hue the, aur IPO market se bhi lagbhag $22 billion raise hue the. Yeh firms jaise EY aur PwC in deals mein 90% tak involve hain, isliye unke paas deal ke secrets aur private information hoti hai. Isi wajah se internal controls kaafi strong hone chahiye.
EY aur PwC dono ka kehna hai ki unke paas stringent internal controls hain, lekin yeh allegations dikha rahi hain ki shayad kuch log in controls ko bypass kar gaye. Kuch insiders ka kehna hai ki yeh sab informal channels se hua hoga.
Experts Ki Chinta Aur Aage Kya?
Corporate governance experts isko serious maamla maan rahe hain. Unka kehna hai ki aise cases investors ka confidence tod sakte hain. Shriram Subramanian jaise experts ne kaha ki aise cases mein Sebi ko insider status prove karna mushkil hota hai aur penalties bhi itni strong nahi hain ki sab ko dar lage. JN Gupta ne bhi mana ki Indian insider trading cases mein conviction rates kam hain. Yeh probe isliye bhi khaas hai kyunki Sebi ne pehli baar global consulting aur private equity firms ke senior executives ke naam liye hain.