New Delhi, Apr 19 (PTI) With an aim to catch fraudsters early in their sinister designs, Sebi will soon set up a forensic accounting cell to identify any bungling in the books and regulatory filings of listed firms and market entities.
At the same time, the market watchdog would also seek help from outside professionals, use latest technology software tools and put in place its own 'investigation laboratory' to churn out new investigative methods.
The proposed measures would be a part of Sebi's attempts to keep ahead of corporate and accounting fraudsters, and market manipulators, who are suspected of using newer methods and technologies every passing day to manipulate the rules in the market, a senior Sebi official said.
Having its own forensic accounting cell would help Sebi avoid any recurrence of Satyam-like scams, where irregularities in the company's accounts went unnoticed for many years, he added.