Sebi allows Sanjiv Bhasin to trade again after Rs 1 crore deposit following SAT order

Sebi has de-frozen Sanjiv Bhasin’s trading and demat accounts after he deposited Rs 1 crore, complying with SAT’s directive. The former IIFL director remains under investigation for alleged stock manipulation involving profit-making trades before media recommendations. In the appeal filed before SAT, Bhasin said that the maximum profit alleged to have been made is Rs 62.75 lakhs even if the calculation made by Sebi is taken at the highest.

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