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Journalism of Courage
Sebi may let off HLL lightly
MUMBAI: The Sebi is likely to let off Hindustan Lever Ltd HLL lightly 8212; may be with a small penalty or warning 8212; in the insider trading case. A decision by the regulatory body would be announced this week, sources said. The indications are that Sebi will certainly not roll back its charges. Sebi chairman D R Mehta has been saying all along that there is no doubt that the company has violated the insider-trading regulations of the land. The question is only what penalty to impose. Sebi had charged the consumer giant with insider trading following the merger of Brooke Bond Lipton with Hindustan Lever.
