// you’re reading...

Audits & Assurance

SEBI audit flags discrepancies at warehouses

Share this post

Mumbai: A Securities and Exchange Board of India (Sebi) audit of warehouses accredited by commodity exchanges has found discrepancies in both the quantity and quality of stock they hold, said two people familiar with the matter.

Current Sebi norms allow commodity exchanges to outsource warehousing of stocks to third-party warehouse service providers that are accredited by the bourses.

“Stocks of exchange members as well as those that did not belong to them were found clubbed together in some warehouses. The quality of the stock was also not up to the standards prescribed,

Print this page

Comments are closed.