HDFC Mutual Fund fined by SEBI for dealer's share-trading fraud

The Securities and Exchange Board of India (SEBI) has banned an equities trader, Assistant Vice President Nilesh Kapadia of HDFC Mutual Fund from conducting stock market transactions for revealing advanced information of the fund's trading to three market participants. Those three have also been banned from the markets. In an order late on 19th June, SEBI gave a detailed account of instances where Rajiv Ramniklal Sanghvi, Chandrakant P Mehta and Dipti Paras Mehta placed orders in the same set of stocks, just before those were traded by Kapadia on the fund company's behalf. This p