Jane Street not co-operating with I-T department in ongoing probe, taxmen face ‘blocked access’: Report

The US trade company Jane Street, in a statement to Reuters on Friday, does not cooperate with the Income Tax department in the ongoing investigation against the company.

India’s income tax officials, on Thursday, said in a statement, Jane Street’s local offices and trading partner Nuvama wealth is reviewing the documents.

“The servers are being prevented from India and access. Account books are also being carried out outside the country despite the necessity of protecting them in India.” He said.

“There is only one skeleton staff who do not cooperate here.”

Indian tax officials did not immediately answer the queries sent by E -Posta. An e-mail sent to the center of Jane Street at the office hours outside the USA could not get a response immediately.

The Indian market regulator TEBI temporarily banned Jane Street from trading in the Indian markets on July 4, and claimed that the firm manipulated stock indices through its derivative positions.

According to the regulator’s order, Jane Street Group made a profit of $ 4.23 billion in India between January 2023Tomay2025.

The US deposited $ 567 million in a trust account, representing that the regulator was “illegal gains” in order to continue the trade while devoting his legal rights.

Sebihas has continued to stay away from trade since the company has removed the restrictions given to the company.