IndusInd Bank: Insider Trading Probe

  Published 10 months ago

India's market regulator SEBI has barred former IndusInd Bank executives from trading after alleging insider trading related to undisclosed accounting issues. They reportedly avoided ₹197.8 million in losses by selling shares before the public disclosure of a $230 million accounting hit.

  • Former CEO & deputy CEO stepped down last month.
  • Accounting discrepancies known since December 2023.
  • ₹197.8M losses avoided through illegal share sales.
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