US EditionSebi Bars Former IndusInd Bank CEO, Four Others From Market for Insider Trading
- On May 28, 2025, SEBI prohibited Sumant Kathpalia, the ex-CEO of IndusInd Bank, along with four other top officials, from engaging in securities trading due to allegations of insider trading.
- The action followed an investigation showing these executives traded shares while holding unpublished price-sensitive information about RBI’s 2023 Master Direction affecting the bank’s derivative accounting.
- SEBI discovered that the five officials sold a total of 479,000 IndusInd shares during the period starting December 2023 up until March 2025, prior to the bank publicly revealing a ₹1,749.98 crore financial setback caused by accounting irregularities.
- The regulator issued a temporary directive to freeze ₹19.78 crore from the individuals involved and prohibited them from engaging in any transactions related to securities until further instructions are issued.
- This enforcement highlights SEBI’s increasing focus on preventing misuse of unpublished information in India’s banking sector to protect market integrity and investors.
12 Articles
12 Articles
Freepoint Commodities Ex-Analyst Claims Illegal Retaliation
(Bloomberg) — A former senior analyst with Freepoint Commodities LLC claims he was fired from the energy-trading firm for resisting pressure to cooperate with executives in illegal insider trading, market manipulation and trade-theft schemes.
Sebi Bans IndusInd Bank's Ex CEO Sumant Kathpalia From Securities Market
Markets regulator Sebi on Wednesday barred former Chief Executive Officer of IndusInd Bank, Sumant Kathpalia, and four others from accessing the securities markets, in connection with an alleged case of insider trading in the bank's shares.
Why SEBI has banned Arshad Warsi and his wife Maria from markets for up to 5 years?
New Delhi: Markets regulator Sebi has barred Bollywood actor Arshad Warsi, his wife Maria Goretti, and 57 other entities from the securities markets for 1-5 years in a case related to misleading videos on YouTube channels recommending investors to buy shares of Sadhna Broadcast. The regulator imposed a fine of Rs 5 lakh each on Warsi and his wife Maria. The couple were restrained by the markets watchdog from the securities market for 1 year, as …
Sebi fines Arshad Warsi, bars 58 entities in Sadhana Broadcast stock manipulation case
New Delhi: Sebi on Thursday barred Bollywood actor Arshad Warsi, his wife Maria Goretti, and 57 other entities from the securities markets for periods ranging from 1-5 years in a case related to misleading videos on YouTube channels recommending investors to buy shares of Sadhana Broadcast. The regulator imposed a fine of Rs 5 lakh each on Warsi and his wife Maria. Sebi also levied penalties in the range of Rs 5 lakh to Rs 5 crore on 57 other en…
Coverage Details
Bias Distribution
- 75% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
