Sebi has accused current and former executives at the local branches of PwC and EY, along with others, of breaking insider trading rules related to a 2022 share sale by Yes Bank.
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In total, 19 individuals have been accused of insider trading violations. Seven are alleged to have traded using privileged information, while four are accused of sharing it.
SEBI’s probe into Yes Bank’s 2022 share sale drags PwC, EY, Carlyle and Advent into insider trading allegations a rare case linking global firms to India’s capital markets.
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These teams nailed their top targets or won a QB battle. Others had to reload at quite a few positions.