The market regulator has found two employees of Infosys Ltd. guilty of violating its insider trading regulations. It has passed interim directions against Venkata Subramaniam, senior principal, corporate accounting group; and Pranshu Bhutra, senior corporate counsel at the company.
Senior principal of corporate account group at Infosys
Designated person for the price sensitive information at Infosys. Alleged to have leaked the insider information to Pranshu.Source: SEBI, = unpublished price sensitive information (UPSI)
Phone calls, emails and the ‘fatherly’ connection
SEBI has gathered a plethora of evidence to support its allegations using email exchanges, telephonic records and banking transactions. And, it all starts with Pranshu Bhutra.
Amit Bhutra is listed as a director on the board of a company called Mahrishi Alloy Private limited, which claims to make steel products. And, so is Pranshu Bhutra’s father, Ram Bilas Bhutra. That’s where the trail begins.