SEBI probes insider trading in GTB shares
By Our Markets Bureau | 10 Aug 2004
"We have called for trading data from stock exchanges and are investigating the matter," Bajpai told newspersons on the sidelines of a function organised by the NSE. The trading volume in GTB shares rose sharply from the middle of June till the time the RBI announced the moratorium.
The government had placed the bank under a three-month moratorium on July 24 and later initiated its merger with Oriental Bank of Commerce. On reports that the government was seeking clarification from the SEBI on insider trading in GTB, Bajpai said that the regulator had not received any written communication from the government on the issue.
