OTHER INSIDER TRADING CASES

RAKESH JHUNJHUNWALA

Earlier this month, the Mumbai broker, his wife, Rekha, and others settled insider trading charges with Sebi and agreed to pay ~37 crore settlement fees without denying or admitting any guilt. The matter concerns dealing in shares of Aptech — where Jhunjhunwala and family members are promoters — while in possession of unpublished price-sensitive information.

KISHORE BIYANI

Sebi accused Future Group’s Ki shore bi ya ni and his brother of trading in future retail sharesthrough a group firm before the de merger of some future Retail companies that pushed up its share price. in february, Se bi asked the future entities to disgorge at least ~20.53 crore and slapped a penalty of ~1 cr ore each on future corporate Resources and the Biyani brothers. The matter is pending at the appellate tribunal.

PRANNOY ROY

In November last year, the Sebi barred New Delhi Television Ltd promoters Prannoy Roy and Radhika Roy from the securities market for two years and directed them to disgorge “illegal gains of more than ~16.97 crore” for alleged “insider trading” over 12 years ago. In February, the Supreme Court asked the SAT not to insist on depositing half of the amount before hearing Roy’s appeal. The matter is pending.