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SEBI Bans 9 Entities, Impounds ₹21 Crore in Front-Running Case

Kumari Sonali

SEBI Bans 9 Entities, Impounds ₹21 Crore in Front-Running Case:

The Securities and Exchange Board of India (SEBI) has issued an interim order banning Sachin Bakul Dagli, an equity dealer with PNB MetLife, and eight other entities from the securities market for their involvement in a front-running scheme. This fraudulent activity, operational for over three years, generated illegal gains of ₹21.16 crore by misusing non-public trade information.

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