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United Spirits case: Sebi slaps Rs 3 cr penalty for insider trading

Markets regulator Sebi on Tuesday imposed a penalty totalling more than Rs 3 crore on three persons for insider trading activities in the shares of United Spirits Ltd.

Sebi
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An investigation was carried out with respect to the scrip of United Spirits Ltd (USL) for the period from January to April, 2014 as well as into the possible violation of norms by these three persons

Press Trust of India

Markets regulator Sebi on Tuesday imposed a penalty totalling more than Rs 3 crore on three persons for insider trading activities in the shares of United Spirits Ltd.

The watchdog has slapped a fine of Rs 1.32 crore on Poonam Haresh Jashnani, Rs 93.24 lakh on Haresh Parmanand Jashnani and Rs 80.76 lakh on Varun Haresh Jashnani.

An investigation was carried out with respect to the scrip of United Spirits Ltd (USL) for the period from January to April, 2014 as well as into the possible violation of norms by these three persons.

Sebi found that Jananis indulged in insider trading activity in