A report in Reuters said that the three entities allegedly entered into several investment transactions with unlisted units of the Adani Group over the last 13 years. The three offshore entities being probed are Mauritius-based Krunal Trade and Investments Ltd and Gardenia Trade and Investments Ltd, and Electrogen Infra in Dubai.
A Sebi probe found that Mehul Choksi allegedly created false and misleading appearance of trading in the shares of Gitanjali Gems by using and funding front entities in executing manipulated trades; monetary penalty of Rs 5 crore also imposed on Choksi.
The Indian partner of global money manager Schroders Plc is under investigation by the countrys capital markets regulator for alleged front-running by two of its officials, according to people familiar with the matter.