insider trading case

SEBI scans Facebook accounts in insider trading case

SEBI scans Facebook accounts in insider trading case

To catch manipulators, markets regulator SEBI has begun looking into social media accounts of suspected persons, with 'mutual friends on Facebook' being cited as evidence for the first time in an insider trading case.

Feb 07, 2016, 18:23 PM IST

Wipro executive fined Rs 5 lakh in insider trading case

In nearly two-year old insider trading case in shares of IT major Wipro, SEBI Wednesday slapped a penalty of Rs 5 lakh on a senior executive of the IT major at that time.

Aug 13, 2014, 21:54 PM IST

Two counts tossed in Rajaratnam brother's insider trading trial

A US judge on Tuesday dismissed two securities fraud counts against Rengan Rajaratnam, the younger brother of Galleon Group founder Raj Rajaratnam, in a surprise development in the federal criminal insider trading case.

Jul 02, 2014, 05:14 AM IST

Gupta approaches apex court in last-ditch effort to avoid jail

Gupta, 65, convicted in 2012 of passing confidential board room information to his friend and business associate Raj Rajaratnam, is scheduled to begin his two-year prison term on June 17.

Jun 11, 2014, 11:37 AM IST

US would face hurdles bringing case against Icahn, Mickelson

Questions about how to apply securities law to activist investors could complicate any potential insider trading case against billionaire Carl Icahn, pro-golfer Phil Mickelson and Las Vegas gambler William Walters, legal experts said.

Jun 02, 2014, 12:32 PM IST

Rajat Gupta loses bid to stay prison surrender date

India-born former Goldman Sachs director Rajat Gupta will start serving his two-year jail term from June 17 after a US court here rejected his motion seeking surrender of the prison date.

May 31, 2014, 17:44 PM IST

Rajat Gupta seeks stay of prison surrender date

India-born former Goldman Sachs director Rajat Gupta has sought a stay on a US court order to start serving a two-year sentence from June 17 on insider trading charges, contending that his bail conditions should be continued till his motion to rehear his case is decided upon.

May 14, 2014, 21:59 PM IST

Rajat Gupta seeks re-hearing of insider trading conviction

In a unanimous ruling last month, the panel of the appeals court had rejected Gupta's bid for a new trial and upheld his 2012 conviction and sentence.

Apr 09, 2014, 14:17 PM IST

Rajat Gupta asks court to rethink $13.9 mn penalty

India-born former Goldman Sachs director Rajat Gupta has asked a US court to reconsider its order asking him to pay USD 13.9 million in civil penalties in the insider trading case, arguing it was unnecessary given the heavy criminal punishment imposed on him.

Apr 08, 2014, 19:38 PM IST

SAT adjourns hearing on RIL-SEBI case to April 16

The Securities Appellate Tribunal adjourned the hearing in the insider-trading case against Reliance Industries to April 16 as the company's senior counsel could not make it Tuesday.

Mar 18, 2014, 23:33 PM IST

RIL entity moves Tribunal against Rs 11 cr SEBI penalty

Reliance Petroinvestments Ltd, an RIL group entity, has approached Securities Appellate Tribunal (SAT) against Rs 11 crore penalty imposed by SEBI in an over six-year-old insider trading case.

Jul 09, 2013, 21:42 PM IST

US court upholds Rajaratnam's conviction

Disgraced hedge fund founder Raj Rajaratnam's conviction for insider trading in the biggest hedge fund insider-trading scheme in US history was upheld Monday by a court here, which rejected a challenge to the use of wiretaps in his high-profile trial.

Jun 24, 2013, 22:52 PM IST

Rajat Gupta seeks re-trial over insider trading case

Seth Waxman, lawyer for Gupta, told the 2nd US Circuit Court of Appeals in New York yesterday that wiretaps played for the jury were inadmissible because they amounted to hearsay evidence.

May 22, 2013, 10:19 AM IST

Rajat Gupta to appeal against insider trading conviction

The US Court of Appeals for the Second Circuit in New York will hear arguments from Gupta, who was convicted last year of sharing corporate secrets and is on bail pending the appeal.

May 21, 2013, 22:18 PM IST

SEBI fines RIL entity Rs 11 cr in IPCL insider trading case

In an over six-year old insider trading case involving shares of Reliance Industries' erstwhile subsidiary IPCL, market regulator SEBI Thursday imposed a penalty of Rs 11 crore on Reliance Petroinvestments Ltd.

May 02, 2013, 22:27 PM IST

SEBI dismisses insider trading charges against Manoj Modi

Market regulator SEBI on Wednesday dismissed allegations of insider trading by Manoj Modi, a close aide of RIL chief Mukesh Ambani, saying charges could not be established after its probe into the six-year-old matter about dealings in shares of erstwhile IPCL.

Apr 10, 2013, 20:34 PM IST

Raj Rajaratnam’s brother pleads not guilty to insider trading

Rajaratnam, 42, was accused of conspiring with his brother to trade on non-public information concerning Clearwire Corp and Advanced Micro Devices Inc in 2008.

Mar 26, 2013, 10:57 AM IST

Rajaratnam's brother charged with insider trading in US

Rajarengan "Rengan" Rajaratnam, 42, of Manhattan, was charged by the Federal Bureau of Investigation (FBI) and the US Securities and Exchange Commission (SEC) with conspiracy to commit securities fraud and six counts of securities fraud.

Mar 22, 2013, 10:52 AM IST

Rajat Gupta ordered to pay $6.2 mn to Goldman Sachs

Gupta, who is currently on bail while applying his conviction, was told to pay USD 6.2 million for legal fees to Goldman Sachs by federal Judge Jed Rakoff in New York.

Feb 26, 2013, 09:13 AM IST

Rajat Gupta seeks reversal in insider trading conviction

In a 72-page brief submitted with the US Court of Appeals for the Second Circuit, Gupta's lawyer Seth Waxman argued that his client is "entitled to a new trial" at which "unreliable hearsay statements are excluded" and the jury "hears the full story of Gupta's defence".

Jan 23, 2013, 09:06 AM IST