Cases have reportedly been registered against three Telugu NRIs in the US for insider trading. Gannamaneni Rajeswari, an NRI working in an investment bank in US has reportedly passed on crucial investment information of his customers to his wife G Deepthi and father G Linga Rao, who are residing in India.
Three NRIs held for leaking insider info?
The NEC court has issued orders for the seizure of the account in the US bank and three brokerage accounts. The information passed on included details about more than 40 mergers, acquisitions, tenders and corporate details.