By Jayshree P Upadhyay, Ira Dugal and Scott Murdoch MUMBAI (Reuters) -Indian regulators barred U.S. securities trading company Jane Street from the local market until further orders and seized $567 million of its funds,

India’s stock market regulator has temporarily banned Jane Street from dealing securities in the country, accusing the New York-based trading firm of a “sinister scheme” to manipulate derivatives markets.

The U.S. trading firm’s entities are “further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly.”