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Mumbai, April 22 SEBI has passed a consent order against Mr Rajiv B. Gandhi in the matter of fraudulent dealing in the shares of Wockhardt Ltd while acting as Company Secretary and Chief Financial Officer.

Mr Gandhi, along with his wife Ms Sandhya R. Gandhi and his sister Ms Amishi B. Gandhi, had dealt in the shares of Wockhardt on the basis of unpublished price sensitive information in violation of the SEBI Insider Trading Regulations, 1992. According to the terms of the consent settlement, Mr Gandhi, his wife and his sister would undergo voluntary debarment from the securities market for 18 months. They have also paid Rs 5 lakh towards settlement charges, said a SEBI consent order passed on April 20.

Mr Gandhi has also been restrained from acting as Compliance Officer of any listed company for 18 months, effective from April 21.

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