However, the perpetrators of such frauds are now adopting new methods and technologies to defraud the investors. Although some channels have been removed, the curation process is considered opaque and insufficient by analysts. The perpetrators use various names to carry out the investment scams. They may also impersonate or clone licensed capital market intermediaries by using the names, logos, credentials, websites and other details of the legitimate entities to promote the illegal schemes. Sebi said data, emails and other documents are being retrieved from the seized devices and detailed investigation is in progress. The Russian invasion of Ukraine has been a driving force in markets for the past few weeks.
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