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Sun US Chief Settles Insider Trading Case

 
• By Anju Ghangurde

Top Sun Pharma executive Abhay Gandhi and his wife have settled a case pertaining to alleged insider trading in shares of Ranbaxy around the time of  the company’s acquisition by Sun from Daiichi Sankyo in 2014. Sun, which has been firefighting a raft of governance concerns, has vouched for the executive’s integrity.

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SUN'S NORTH AMERICA CEO SETTLES INSIDER TRADING CASE IN INDIA • Source: Shutterstock

Insider trading allegations pertaining to the acquisition of Ranbaxy Laboratories Ltd. have haunted Sun Pharmaceutical Industries Ltd. in the past, and a top Sun executive and his spouse have now settled one such case with the Securities and Exchange Board of India (SEBI).

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