US DoJ drops charges against Droom founder in insider trading case

The US Department of Justice (DoJ) has dropped all charges against Sandeep Aggarwal, the founder of Droom, an online marketplace to buy and sell used automobiles, in a 2013 insider trading case.
 

“This lasted for almost seven years. But I am very grateful that in the end it was the rightful and just call by the DoJ to drop all charges unconditionally,” said Aggarwal.

Aggarwal, who had co-founded online marketplace ShopClues — which was sold to Singapore-based e-commerce platform Qoo10 last year — also settled with the US Securities and Exchange Commission (SEC) relating to the same case. 

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