The Securities & Exchange Board of India (SEBI) has joined the Central Bureau of Investigation (CBI) to proble the possibility of insider trading in shares of nine companies, including LIC Housing Finance and DB Realty , named by the investigator as involved in the scandal, accoridng to a report.

SEBI has reportedly said that they will look into the linkages between the information allegedly exchanged and the actual market movements.

Trading in shares of Central Bank of India , Money Matters Financial Services , JSW Power , Religare Enterprises , Adani Enterprises , Pantaloon and Jaypee Hydro are also under the scanner.

CBI has arrested at least eight financial services executives, including LIC Housing chief executive Ramachandran Nair on fake hosuing loan scam.

Source : Indiainfoline