A few days ago, read in the newspapers that A. Vellayan Of Murugappa group faces charges framed by SEBI in an insider trading case related to the acquisition of Sabero Organics by Coromandel International in 2011.
Not one industrialist is out of corruption. The Murugappa group boasts of integrity and decorum as its principles of governance.It has also fallen prey to greed. The SEBI, whole time Director wrote in his order that Vellayan in all possibilities shared unpublished price sensitive information about the impending acquisition of Sabero transaction. He had disclosed this valuable information to his distant relatives AR. Murugappan and V. Karuppiah and one another C. Gopalakrishnan, when this idea took shape.
Vellayan if proved is not the only person in Corporate India who has manipulated and made billions. Vellayan is going to take it up legally and as a measure has stepped aside as Murugappa Group Chief.
The insider trading is an offence that goes unchecked everywhere. The profits generated thus are a whopping billion or more at the minimum. The trader in stocks does his homework with diligence and makes a profit not any way worthy of this phenomenal transaction of insider trading. Many corporate giants in India do, play safely and make huge profits. If Vellayan is found guilty and convicted, then I feel SEBI has taken a decision.
Let we wait for the development of the
case .
Not one industrialist is out of corruption. The Murugappa group boasts of integrity and decorum as its principles of governance.It has also fallen prey to greed. The SEBI, whole time Director wrote in his order that Vellayan in all possibilities shared unpublished price sensitive information about the impending acquisition of Sabero transaction. He had disclosed this valuable information to his distant relatives AR. Murugappan and V. Karuppiah and one another C. Gopalakrishnan, when this idea took shape.
Vellayan if proved is not the only person in Corporate India who has manipulated and made billions. Vellayan is going to take it up legally and as a measure has stepped aside as Murugappa Group Chief.
The insider trading is an offence that goes unchecked everywhere. The profits generated thus are a whopping billion or more at the minimum. The trader in stocks does his homework with diligence and makes a profit not any way worthy of this phenomenal transaction of insider trading. Many corporate giants in India do, play safely and make huge profits. If Vellayan is found guilty and convicted, then I feel SEBI has taken a decision.
Let we wait for the development of the
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