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"He has kind of an old-school cyber-libertarian world view where technology is there to set you free," Maréchal said. Under the Sebi Act, the regulator has the power to carry out search and seizure of books, registers, documents including electronics and digital devices from any person associated with the securities market. Founder Pavel Durov says tech is meant to set you free False news often spreads via public groups, or chats, with potentially fatal effects. This provided opportunity to their linked entities to offload their shares at higher prices and make significant profits at the cost of unsuspecting retail investors.
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