DoT, SEBI sign pact to curb misuse of telecom resources in financial frauds

New Delhi: In a move aimed at strengthening the security of India’s financial ecosystem, the Department of Telecommunications (DoT) and the Securities and Exchange Board of India (SEBI) on Wednesday signed a Memorandum of Understanding (MoU) to enhance cooperation in tackling the misuse of telecom resources in securities market frauds and investment-related scams.

As per an official statement by the Ministry of Communication, the agreement was signed by Sanjeev Kumar Sharma, Deputy Director General, AI & Digital Intelligence Unit (AI&DIU), DoT, and Sandip Pradhan, Whole Time Member, SEBI, in the presence of Deb Kumar Chakrabarti, Member (Services), Digital Communications Commission.