By Admin 
Jane street trading probe: Jane Street, a American company facing allegations of illegal earnings from the Indian stock market, is not properly cooperated in the inquiry of the Income Tax Department. According to news agency Reuters, this report has come out on Friday. The company’s operations and tax matters in India are being investigated.
Jane Street is not cooperating in the investigation
According to the report, the important documents and data that the Income Tax Department has demanded has not been made available by Jane Street yet. The company’s server is located outside India, and officials say it is out of their reach.
Apart from this, the company’s account books have also been kept abroad, while according to the law, their records should be in India itself. The report quoted government sources as saying that even the employees of the company are not cooperating in the inquiry.
Problems in inquiry to Income Tax Department
As part of the investigation, the Income Tax Department is reviewing the documents and operations of Jane Street’s offices in India and its local partner Nuwama Wealth. Earlier, market regulator SEBI had temporarily banned trading, accusing Jane Street of manipulating the Indian stock market through derivatives. In the order issued on July 4, SEBI had alleged that the company impressed the market by misusing derivatives.
SEBI investigation revealed that Jane Street had earned $ 4.23 billion from trading in India between January 2023 and May 2025. The investigation of Jane Street is still in the initial stages and officials say that due to lack of cooperation, there is a lot of problems.
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