The Sebi order said 22 individuals and entities were involved in the front-running scheme. Front running is an illegal practice of purchasing a stock based on unpublished information of a large transaction that could move prices.
Ashok Hinduja backs IndusInd Bank board amid fraud concerns, calls it a ‘new dawn’ for the lender
IndusInd International’s Ashok Hinduja backed the bank’s leadership after suspected internal fraud surfaced. He praised swift corrective action, regulatory compliance, and reaffirmed IIHL’s financial support.