Jane Street
Jane Street, a company associated with American Elgo Trading, which is facing allegations of scams through future and options trade in the Indian market, is no longer cooperating in the investigation of income tax. The company was first banned by SEBI from the market. Then he got permission for trade in a few days. However, now she is not cooperating in the inquiry of the Income Tax Department in the country.
According to the Reuters report, tax matters are being investigated against the company in India, in which it is not supporting the investigating agency. The necessary documents were demanded from the company. She is not giving her. Also, the company’s server is outside the country, which is far from India’s reach. Jane Street is not providing it either. At the same time, the company’s account books should also be recorded in India according to the law. But neither Jane Street is providing necessary documents. Nor is its employees cooperating in the investment.
SEBI had banned
The Income Tax Department is investigating the documents and operations of Jane Street’s offices and its local partner Nuwama Wealth in India. Previously, market regulator SEBI had temporarily banned trading by accusing Jane Street of manipulation through derivatives in the Indian stock market. The Enforcement Directorate said in its order on 4 July that the company had impressed the market by misusing derivatives and SEBI investigation revealed that Jane Street fraudulently fraudulently fraudulently traded in India between January 2023 and May 2025. The investigation is still in the initial stage and officials say that due to lack of cooperation, there are many difficulties. The company is not cooperating in the investigation.