Jane Street Sets Aside $564 Million as India Probe Continues

Jane Street Group LLC has deposited 48.4 billion rupees ($564 million) in an escrow account to comply with an order from India’s securities regulator, part of an ongoing probe into allegations of market manipulation by the US trading giant.

While Indian authorities had previously indicated the deposit would allow Jane Street to return to local markets after a ban imposed on July 3, the regulator’s statement on Monday didn’t clarify whether the firm has a green light to resume trading. The Securities and Exchange Board of India has accused Jane Street of manipulative transactions involving local options and shares — allegations that the firm has denied.