Should P-Notes be scanned?

Indian markets are showing unprecedented growth & main reason behind this growth story is P-Notes in full called as Participatory notes

So what is a P-Notes?

To briefly explain, P-Notes are instruments which help unregistered Foreign Institutional Investors invest in Indian markets with the help of Registered Foreign Institutional Investors.

Mostly the identity of these investors is anonymous, thus it leads to possibility of terrorist misusing this privilege for creating wealth & for money laundering and leaving the markets more vulnerable.

I personally feel that we have used these P-Notes for getting more FII inflows & now it is time to regulate the markets.

All that glitters are not GOLD, that pretty much apply to P-Notes. So, I personally feel P-Notes must be scanned by SEBI(Securities and Exchange Board of India).