**Summary:**
On June 27, 2025, the Securities and Exchange Board of India (SEBI) issued a clarification regarding recent media reports concerning alleged pump and dump schemes. SEBI confirms that search and seizure operations were conducted at multiple locations in June 2025 related to suspected pump and dump activity in certain securities. Incriminating evidence has been seized, and the investigation is ongoing.
Key Entities Referenced
Securities and Exchange Board of India: A regulatory body in India, often referred to as SEBI, responsible for regulating the securities market.
SEBI raids: Refers to search and seizure operations conducted by the Securities and Exchange Board of India.
pump and dump scam: A type of stock market manipulation scheme where fraudsters artificially inflate the price of a stock and then sell their shares for a profit.
June 2025: The month when SEBI conducted search and seizure operations.
Mumbai, Maharashtra: City in India where the clarification was issued.
PR No.34/2025
Clarification on news reports
Various news reports have appeared in media regarding Securities and Exchange
Board of India (SEBI) raids in the matter of pump and dump scam.
It is hereby clarified that SEBI has conducted search and seizure operations at multiple
locations in the month of June 2025 in connection with pump and dump in certain
scrips and has seized incriminating evidence. Investigation in the matter is under
progress.
Mumbai
June 27, 2025