Sebi bans 5 IndusInd officials from trading
India, May 29 -- India's capital markets watchdog cracked down on IndusInd Bank Ltd's former managing director and chief executive officer (CEO) Sumant Kathpalia, and four other senior officials for alleged insider trading, impounding gains of Rs.19.78 crore and restraining them from trading in securities until further notice. The five were issued show-cause notices over allegations of offloading shares while in possession of sensitive information related to accounting discrepancy.P12...
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