Sebi probes use of SME platform to launder money, evade tax

 Sebi probes use of SME platform to launder money, evade tax

Capital market regulator Sebi is investigating a string of trades in stocks of small and medium enterprises (SME) and derivatives like currency options carried out to launder money and escape tax. Persons with unaccounted cash are suspected to have misused the SME trading platform of exchanges to show the money as legitimate trading income.