SEBI impounds ₹1.99 crore in front-running case
This order addresses SEBI's investigation into suspected front-running of trades by a group of individuals, including Prijesh Kurani and family members, allegedly using non-public information from a broker's employee to gain unlawful profits between January 2022 and February 2023.
Prijesh Kurani, Navnit Gadoya, Bharati Navnit Gadoya, Rekha Arun Kurani, Dharini Kurani, Vilpa Vora, and Pranav Vora.
- SEBI alleged that the Noticees violated Section 12A of the SEBI Act and PFUTP Regulations by front-running Big Client orders.
- SEBI alleged that Noticees 2-5 lent their trading accounts to Noticee 1, who earned an unlawful gain of Rs. 1.99 crore.
- SEBI alleged that Noticees 6 and 7 acted as information carriers, with Noticee 7 coordinating with the Big Client and Noticee 6 lending her trading terminal.
- SEBI called upon the Noticees to show cause why they should not be prohibited from dealing in the securities market and why disgorgement of unlawful gains should not be ordered.
- The investigation period covered January 1, 2022, to February 28, 2023.
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Document details
| Official title | Order in the mater of front running by Prijesh Kurani and Others |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | None (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |