The US Department of Justice (DoJ) has dropped all charges against Sandeep Aggarwal, the founder of Droom, an online marketplace to buy and sell used automobiles, in a 2013 insider trading case.
“This lasted for almost seven years. But I am very grateful that in the end it was the rightful and just call by the DoJ to drop all charges unconditionally,” said Aggarwal.
Aggarwal, who had co-founded online marketplace ShopClues — which was sold to Singapore-based e-commerce platform Qoo10 last year — also settled with the US Securities and Exchange Commission (SEC) relating to the same case.
A civil