- Traded in scrips like Digital Globalsoft, Mastek and United Phosphorous based on insider information
- Played a pivotal role in thwarting Alliance's bid to sell its Indian operations in late 2002
- Worked out a package with one of the potential bidders that constituted conflict of interest as a fund manager
- Violated SEBI regulations by not disclosing that Alliance's stake in some scrips had crossed the 5 per cent cap
- Managed several mutual fund schemes in a non-transparent manner which were detrimental to retail investors