Infosys Settles Insider Trading Charges With SEBI

India’s No.2 IT services exporter Infosys’ CEO Salil Parekh has settled charges of violating provisions of insider trading, the country’s markets regulator said on Thursday.

Parekh agreed to pay 2.5 million rupees (around $30,000) for failing to have adequate controls to prevent insider trading, the Securities and Exchange Board of India said.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed – Reuters)