Sebi to get phone call data records: Govt
data records in specific cases, where an investigation is being done and they want call data records (for their investigation), I think some progress is being made, some arrangement is being made..."
Sebi Chairman U K Sinha had last month said that the market regulator has asked the government to provide it access to call data records of those suspected to have violated insider trading and other norms in the securities market.
Talking about comparison with insider trading cases in the US, such as the one involving Indian-origin banker Rajat Gupta, Sinha had said that investigation tools available with the American regulators are much more different.
"On the issue of tools for investigations, the case that you have cited, you know the methods that were used to crack that case," Sinha said, referring to the phone call records of people in the insider trading case involving Rajat Gupta.
"But, here we do not have access to the transcript of any communication between two persons. We are not getting even the call data records to establish that two persons have been talking to each other frequently and they are working together in insider trading cases.
"We have made a request to the government and they have assured us about it. We are hoping that it will happen soon, but so far it has not happened," Sinha had said.
To strengthen its investigation process and check any delay in prosecution of those found to be involved in frauds and other offences, Sinha
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