The market regulator Securities and Exchange Board of India (SEBI) on June 3 passed its final order in the IIFL group front-running case, where it found the group’s equity dealer – Santosh Singh – guilty of wrongfully using his knowledge of impending orders of IIFL group entities.
SEBI also passed its final order in the Fidelity case, where Vaibhav Dhadda (alias Avi Dhadda), a former employee of Fidelity International and the trader for 21 funds of the Fidelity Group along with his relatives Alka, Arushi and several other related parties were found guilty of front running.
