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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).

Abhay Gandhi, currently Sun’s CEO (North America), and his wife Kiran have now settled with the Indian markets regulator a...

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