May not take any action on complaint without disclosure of identity:SEBI

Instance of complaint without disclosure of identity and furnishing supporting evidence

A person named Charul Singh made several complaints against a MII wherein he made grave allegations over certain
issues and demanded investigation by SEBI into each allegation.

The complainant made these allegations without any supporting documentary evidence and without disclosing his/her
real identity. The name turned out to be fake, the address and phone number nonexistent and there was no response from
the e-mail ID.

The complainant, also purported to be whistle blower, shared his unsubstantiated allegations with various
news/media outlets, some of which taking cognizance of his allegations printed articles without any evidence.

As per Whistle Blower Protection Act (Chapter II – Public Interest Disclosure), a whistleblower shall make a
complaint, indicating his/her identity and accompanied by supporting documents.

Since it has not been possible to reach the complainant, it is important to bring to notice of general public
that SEBI can entertain complaints only if the concerned investor/complainant is reachable to substantiate any
allegation and provide supporting documents. SEBI may not take any action on complaints where SEBI is
unable to reach back to the complainant.