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India's SEBI bans 5 IndusInd Bank executives from trading over insider trading allegations.
India's SEBI has banned former IndusInd Bank CEO Sumant Kathpalia and four other executives from trading in securities markets due to insider trading allegations.
The officials sold shares before disclosing accounting discrepancies that led to a significant financial loss, avoiding over ₹19.78 crore in potential losses.
The bans are in effect until further notice, and an investigation is ongoing.
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El SEBI de la India prohíbe a 5 ejecutivos de IndusInd Bank comerciar por acusaciones de tráfico de información privilegiada.