Top execs rush to settle insider trading cases under Sebi scheme
Synopsis
Some senior employees of companies such as Diageo, Titan, Divi’s Laboratories, NIIT and JM Financial have settled their insider trading cases via this mechanism, data showed.
Mumbai: Top officials of listed companies facing the glare of the Securities and Exchange Board of India (Sebi) for alleged insider trading violations are getting a reprieve thanks to the regulator’s new settlement scheme. In the last few months, Sebi has settled at least half-a-dozen insider trading cases through the consent route, through which an accused can settle any ongoing case with Sebi by paying up without accepting or denying
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