*IndusInd's Inside Job* 📉❌🚨 SEBI issued an interim order barring five former and current senior executives, including former MD & CEO Sumant Kathpalia, from the securities market. SEBI says that these officials _*engaged in insider trading, collectively avoiding losses of approximately ₹19.78 crore*_, by selling shares while in possession of unpublished price-sensitive information (UPSI). ❌🚨 The five executives named in the SEBI order are; - Sumant Kathpalia (former MD & CEO) - Arun Khurana (former Executive Director and Deputy CEO) - Sushant Sourav (Head of Treasury Operations) - Rohan Jathanna (Head of GMG Operations) - Anil Marco Rao (Chief Administrative Officer – Consumer Banking Operations) SEBI's preliminary investigation revealed that these _*senior executives were aware of significant accounting discrepancies in the bank's derivative portfolio as early as December 2023*_. This information, which had a substantial financial impact on the bank, was only publicly disclosed on March 10, 2025. 👎 _Appalling from the management, this is a dirty management tactics_ During the period when this information was considered UPSI (December 4, 2023, to March 10, 2025), the accused officials sold large volumes of IndusInd Bank shares. For instance, _*Arun Khurana alone sold 3.48 lakh shares, avoiding losses of over ₹14.39 crore, and Sumant Kathpalia sold 1.25 lakh shares, evading losses of more than ₹5.2 crore*_. 💰 _SEBI noted that none of these trades were pre-planned or disclosed under any trading plan_ . _*SEBI has frozen the bank and demat accounts of these individuals*_ to the extent of the avoided loss amounts (totalling ₹19.78 crore) and directed them to deposit these amounts into fixed deposits with a lien in favour of SEBI. 🔴