{"id":11448,"date":"2025-07-11T16:22:30","date_gmt":"2025-07-11T10:52:30","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=11448"},"modified":"2025-07-11T17:02:03","modified_gmt":"2025-07-11T11:32:03","slug":"sebi-faces-surge-in-unusual-rtis-from-spouse-surveillance-to-official-corruption-allegations","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/sebi-faces-surge-in-unusual-rtis-from-spouse-surveillance-to-official-corruption-allegations\/","title":{"rendered":"SEBI Faces Surge in Unusual RTIs: From Spouse Surveillance to Official Corruption Allegations"},"content":{"rendered":"

Market regulator SEBI faces hundreds of unusual Right to Information queries each month, including requests for personal investment details, IPO<\/a> NOCs, and misconduct allegations<\/p>\n

Mumbai, July 11 \u2013 The Securities and Exchange Board of India (SEBI), tasked with maintaining market transparency and investor protection, is grappling with a new kind of challenge \u2014 a flood of strange and often intrusive RTI (Right to Information) requests. From spouses fishing for their partner\u2019s investment details to complainants attempting to expose officials via RTI, the regulator\u2019s information officers are spending increasing time filtering out misdirected, personal, or abusive applications.<\/p>\n

A particularly bizarre RTI filed on April 26, 2025, sought complete financial and investment records of a man\u2019s wife, including her DEMAT accounts, mutual fund holdings, trading activity, and even details of dividends and FDRs. The Central Public Information Officer (CPIO) responded that SEBI does not maintain such personal records, and the appeal filed was summarily rejected.<\/p>\n

Also Read: Dalal Street Slumps: Nifty Below 25,200, Sensex Sheds 700 Pts as IT, Auto Drag<\/a><\/p>\n

RTIs Turn Into Misuse Tool \u2013 Appeals Filed Even for Public Domain Info<\/h2>\n

Another RTI, dated May 26, 2025, sought guidance on how to formally file a corruption complaint against a SEBI official, accusing her of defending a Depository Participant from regulatory action. The applicant demanded to know if the report should go to the SEBI Chairman, Chief Vigilance Officer, Anti-Corruption Bureau, or Finance Ministry. SEBI responded that the relevant information was already available on its website.<\/p>\n

Despite this, the applicant filed an appeal alleging denial of information, which was rejected again since the requested content was publicly accessible \u2014 a recurring reason for rejection. One RTI even sought procedural details for initiating a corruption case against a named SEBI officer, highlighting how the RTI channel is increasingly used to raise grievances, not just seek records.<\/p>\n

Repeated RTI Filers and IPO NOC Hunters Flood the System<\/h2>\n

SEBI has also flagged the rising trend of habitual RTI filers \u2014 individuals who submit dozens to hundreds of applications, often seeking duplicate or irrelevant information. One such applicant repeatedly asked for copies of NOCs or permissions granted to companies like Belrise Industries, Ather Energy, Tech Mahindra, HDFC AMC, RNEL, and others related to IPO approvals.<\/p>\n

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