Jane Street puts $567M in escrow to restart India trading, insiders reveal

By Jayshree P Upadhyay

()- Jane Street, which has faced allegations of market manipulation from Indian officials, has placed $567 million into trust accounts, enabling the American company to restart its trading activities, according to individuals familiar with the situation who reported this on Monday.

One source stated that Jane Street has no plans to engage in trading Indian options.

"The funds were placed in good faith. The company remains disputing the ruling and plans to submit an official reply refuting the claims in the near future," stated the second source.

Neither source was permitted to comment to the press and refused to be named.

Jane Street didn't promptly reply to an inquiry for statement.

(Covered by Jayshree Upadhyay in Mumbai; edited by Edwina Gibbs)