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Sebi seeks powers to intercept calls, communications of economic offenders
Another feedback was about Sebi approaching judicial authorities on a case-to-case basis, while some asserted the proposed powers should be seen vis-a-vis privacy laws and not be misused. For a serious offence like insider trading, Sebi has not been able to successfully pursue criminal prosecution due to lack of conclusive evidence. Sebi currently has powers to seek call data records of those being probed, but it cannot intercept calls.
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