The House of Tatas accused of insider trading by its disgruntled CEO
|12/26/2016||Posted by BusinessMediaguide.Com under General World News||
Mr Mistry asked the court to appoint an inspector to investigate whether Mr Tata had breached of insiders trading regulation by allegedly seeking price-sensitive information from Tata operating companies that are publicly listed.
Cyrus Mistry brought a veiled accusation that cannot be left unanswered: he accused Ratan Tata and the Trusts of violating insider trading rules, which is a criminal accusation potentially leading in India to an imprisonment up to ten years. Accusing Ratan Tata to be a criminal is despicable and, more importantly, incorrect in fact and in law.
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