In Mumbai, India, market regulator SEBI has detected a case of insider trading in HDFC Mutual Fund that led to an estimated loss of nearly Rs 2.4 crore for the fund house’s investors. The Times of India reports that SEBI has banned four people, including one of HDFC Mutual Fund’s equity dealers, who indulged in ‘front running’ on information provided by Kapadia for personal gains.
The Times of India: Insider trading at HDFC Mutual Fund
