Bank Of Rajasthan Case: Sebi Bans 7 Entities For Five Years

Sebi barred seven entities, including former promoters, from the securities market for five years and directed them to disgorge illegal gains worth over Rs 95 lakh in the case of alleged insider trading in the shares of erstwhile Bank of Rajasthan. Bank of Rajasthan (BoR) is now merged with ICICI Bank.
To check possible violation of insider trading norms, the regulator had conducted an investigation into the movement of BoR shares from May 7-18, 2010.
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