Ahmedabad: Market regulator Securities and Exchange Board of India (SEBI) has launched an investigation against Sanjeev Bhasin of investment advisory firm IIFL Securities on charges of market manipulation.
As part of the investigation, SEBI officials have examined Sanjeev Bhashin's digital devices and the process of collecting evidence has begun. On the other hand, IIF Securities has revealed that Bhashin is not a member of its board of directors and his contract with the company was terminated prematurely. Sanjeev Bhashin was associated with IIFL Securities on a contract. The contract was to be completed on June 30, 2024. But the contract was terminated prematurely due to health reasons. The contract termination was effective from June 17, 2024. Sanjeev Bhashin is a familiar face on business TV channels. Where he is seen discussing stock ideas and market movements.