India markets regulator restrains ex-IndusInd Bank top executives in interim order
May 28 (Reuters) - India markets regulator on Wednesday passed an interim order against former IndusInd Bank (INBK.NS), opens new tab CEO and deputy CEO over alleged insider trading, restraining them from accessing securities market.
IndusInd disclosed in March that years of incorrect accounting of internal derivative trades led to a $230 million hit to its accounts.
Separately, an internal audit of its microfinance business found that around $80 million was incorrectly recorded as interest over three quarters.
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