Sumant Kathpalia offers Rs 5.2 crore to settle insider trading case

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Former IndusInd Bank CEO Sumant Kathpalia has proposed a ₹5.21 crore settlement to SEBI regarding insider trading allegations. SEBI had barred Kathpalia and other executives for trading on unpublished price-sensitive information related to accounting discrepancies. Kathpalia’s settlement application includes a pledge of confidentiality, while SEBI impounded ₹19.8 crore from the involved individuals.

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Sumant Kathpalia offers Rs 5.2 crore to settle insider trading case

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