SEBI accuses EY, PwC employees of insider trading
pre-market1 source ↓written by the desknot a recommendation
- equity deal
- $1.1 billion
- International acquired
- 10% stake
The Securities and Exchange Board of India (SEBI) has accused current and former employees of EY and PwC of insider trading related to the July 2022 Yes Bank transaction. This investigation follows the $1.1 billion equity deal where Carlyle Group and Advent International acquired a 10% stake. SEBI's actions reflect heightened scrutiny of compliance in major financial transactions.
Not investment advice. For informational purposes only.