The Daily Brief SEBI unearths a ₹173 crore insider trading scam
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Oct 17, 2025 A shocking ₹173 crore insider trading scam has been uncovered, involving suspicious trades linked to CERC officials and WhatsApp leaks. Traders employed tactics like account layering to secure enormous profits before a price drop. In another major topic, the podcast explores the ambitious plans for the ASEAN Power Grid, aiming to enhance regional electricity trading while navigating intricate technical and political challenges. The discussion reveals potential benefits for cost and emissions but highlights significant hurdles in achieving a unified grid.
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Trading Spike Revealed Insider Pattern
- SEBI uncovered a coordinated burst of put-option trades that perfectly preceded a regulatory order, suggesting insider knowledge.
- The timing and uniform silence after the event made the pattern unmistakably suspicious.
WhatsApp Group Fueled The Leak
- The leak chain began with a former student getting internal CERC minutes and sharing them on a WhatsApp group called OTC.
- Those internal documents reappeared before key meetings and informed trades by people who rarely traded options.
Visits And Family Accounts Mask Trades
- Members of the OTC group visited CERC and even shared a photo of a live stream of a meeting, confirming inside access.
- Sanjeev Kumar used his wife’s account and family accounts to place large put-option bets worth crores.