I read your edit “After Rajat” (July 19) with interest. Forget imprisonment, there is no action being taken against insiders. I have personally reported about two dozen cases. I have also written to the Securities and Exchange Board of India that in takeover cases, it is mandatory to give share prices for the last two weeks or 60 days. If prices move up significantly during this period, then there should be a system of carrying out an immediate investigation of insider trading.
Arun Goenka Mumbai
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