'Insider' information

At a risk-management event organised by a leading mutual fund house, a high-ranking Securities and Exchange Board of India (Sebi) official started chastising fund houses for violations of Sebi regulations. He was under the impression that the event was attended by only industry officials. Much to his chagrin, he was later told that the media was present but by then the cat was out of the bag or rather pens were already put to paper.