New Delhi, July 8 -- The Congress today put the Central government and the Securities and Exchange Board of India (SEBI) in the dock over the Jane Street mega financial scam, alleging that it has caused a humongous loss of, at least, Rs 44,000 crores to small Indian investors.
Addressing a press conference at the AICC headquarters here, party spokesperson Supriya Shrinate alleged, "An American algorithm trading firm entered into Indian market and looted unsuspecting small investors for five continuous years while the SEBI and all other regulatory institutions remained in deep slumber."
She said that from the SEBI's own findings, Jane Street made a humongous profit of Rs 44,000 crore between January 2023 and March 2025 and repatriated ...