Polaris Promoter Arun Jain Penalised in Insider Trading Case

Polaris promoter Arun Jain and former Chief Financial Officer R Srikanth have been penalised by markets regulator Sebi for alleged insider trading in the shares of the Chennai-based IT services firm during 2008. Mr Jain was slapped with a fine of Rs 1.84 crore, while Mr Srikanth was asked to pay Rs 19.69 lakh for allegedly making illegitimate gains through trading in shares of the company while in the possession of unpublished price...