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Sebi Insider Tag on IndusInd's Ex-CEO
Mint Mumbai
|May 29, 2025
CEO, four others barred from market; gains to be impounded
The capital markets watchdog on Wednesday cracked the whip on IndusInd Bank Ltd's (IBL) former managing director and chief executive officer (CEO) Sumant Kathpalia and four senior officials for alleged insider trading, impounding gains of ₹19.78 crore and restraining them from trading in securities until further notice.
The five executives were issued show-cause notices over allegations of offloading shares while in possession of unpublished price sensitive information (UPSI) related to a massive accounting discrepancy.
Apart from Kathpalia, the Securities and Exchange Board of India's interim order also barred former executive director and deputy CEO Arun Khurana, treasury operations head Sushant Sourav, global markets group (GMG) operations head Rohan Jathanna, and Anil Marco Rao, chief administrative officer of consumer banking operations from the market for alleged insider trading.
To be sure, this is an interim order, and the five individuals are free to challenge it.
Cette histoire est tirée de l'édition May 29, 2025 de Mint Mumbai.
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