7 Indian-origin persons charged in million dollar insider trading scheme

Seven Indian-origin persons have been charged by US federal authorities with insider trading in a scheme through which they made over a million dollars in illegal profits.

Hari Prasad Sure, 34, Lokesh Lagudu, 31 and Chotu Prabhu Tej Pulagam, 29, are friends and worked as software engineers at Twilio, a San Francisco-based cloud computing communications firm, said the Securities and Exchange Commission.

Will issue first 20 fines over ‘partygate’, say UK police
Staff and officials close to Boris Johnson over parties during the pandemic, which broke rules imposed by the government to contain the spread of coronavirus.

The individuals — who London’s Metropolitan Police did not identify — will be the first to be handed so-called fixed penalty notices over the events.