The Income Tax Department on Thursday (July 31, 2025) performed a survey operation on the premises of some broking corporations as a part of an alleged tax evasion probe against Jane Street, the U.S.-based proprietary buying and selling agency accused of market manipulation, official sources stated.
Sources acknowledged the division is endeavor a “verification” train in the backdrop of a latest Sebi motion against Jane Street.
In an interim order issued on July 3, Sebi discovered Jane Street (JS) responsible of manipulating indices by concurrently putting bets in money together with futures and choices markets to safe huge positive factors.
As a outcome, Sebi barred the hedge fund from accessing the market and impounded over ₹4,843 crore in positive factors. The probe discovered that JS made a revenue of ₹36,671 crore on a web foundation through the probe interval from January 2023 to May 2025.
However, on July 21, Sebi permitted Jane Street to renew buying and selling after the corporate deposited the mandated quantity of ₹4,843.57 crore into an escrow account.
