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However, the perpetrators of such frauds are now adopting new methods and technologies to defraud the investors. The regulator took order for the search and seizure operation from Judge Purushottam B Jadhav, Sebi Special Judge / Additional Sessions Judge. Sebi said data, emails and other documents are being retrieved from the seized devices and detailed investigation is in progress. Anastasia Vlasova/Getty Images In a statement, the regulator said the search and seizure operation was carried out against seven individuals and one corporate entity at multiple locations in Ahmedabad and Bhavnagar in Gujarat, Neemuch in Madhya Pradesh, Delhi, and Mumbai.
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