Franklin case: Meet Vivek & Roopa Kudva, the couple in Sebi's firing line

The Kudvas may approach the Securities Appellate Tribunal (SAT) or higher courts, but this is not the first time an allegation has been made against a Kudva family member

Topics
SEBI | Franklin Templeton | Narayan Murthy

Joydeep Ghosh 

“I hold that the redemption of units by the Noticee No. 1 (Vivek Kudva) on his own behalf and on behalf of Noticee No. 3 (Vasanthi Kudva) while being privy to material non-public information is an ‘unfair trade practice’… further… the facts and circumstances and timing of the redemptions made by Noticee No. 2 (Roopa Kudva) lead to a distinct likelihood that the said redemptions were also based on material non-public information passed on by Noticee No 1… This is the gist of the Securities and Exchange Board India’s (Sebi) order on Franklin ...

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First Published: Sat, June 12 2021. 06:10 IST
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