Sebi said it remains committed to following  due  process  and ensuring the integrity of the securities market

FPJ News Service mumbai

New York-based hedge fund Jane Street, which allegedly made handsome gains through market manipulation, has deposited the mandated Rs 4,843.57 crore in an escrow account in favour of the Securities and Exchange Board of India and requested the regulator to lift certain restrictions. “This request is currently under examination by Sebi in accordance with the directions of the interim order,” the regulator said in a statement on Monday.  Sebi said it remains committed to following  due  process  and ensuring the integrity of the securities market.

In an interim order on July 3, the regulator found Jane Street guilty of manipulating indices by taking bets in cash and futures and options markets simultaneously for making massive gains. Sebi barred the hedge fund from accessing the market and impounded over Rs 4,843 crore in gains. The probe found that JS made a profit of Rs 36,671 crore on a net basis during the probe period from January 2023-May 2025. In compliance with the interim order, a sum of Rs 4,843.57 crore has been credited to an escrow account with a lien marked in favour of Sebi.