Jane Street seeks Sebi probe records to fight trading ban

The US firm has appealed to SAT against Sebi's 3 July order on alleged index manipulation

- Neha Joshi & Priyanka Gawande

Four entities of global trading firm Jane Street have moved the Securities Appellate Tribunal (SAT) against the Securities and Exchange Board of India (Sebi), alleging that the regulator withheld crucial information while investigating claims of index manipulation by the group.

In doing so, Jane Street asserted, Sebi has violated the principles of natural justice, unfairly denying it the opportunity to refute the allegations.

In a sharply-worded appeal, Jane Street's entities JSI Investments Pvt Ltd, JSI2 Investments Pvt Ltd, Jane Street Singapore Pte Ltd, and Jane Street Asia Traag Ltd asked the appellate tribunal to direct Sebi to release investigative reports and correspondence that they say are essential to their defence.