Connecticut fund executive, friend charged with insider trading

April 2, 2015 6:42 PM

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April 2 (Reuters) - U.S. authorities have filed criminal and civil insider trading charges against two friends, including a Connecticut venture capital executive, accused of profiting illegally from India-based Apollo Tyres Ltd's attempt to buy Cooper Tire & Rubber Co in 2013.

Iftikar Ahmed, a general partner of Oak Investment Partners in Greenwich, Connecticut, and his longtime friend Amit Kanodia, were each charged on Thursday with one criminal count of securities fraud. The U.S. Securities and Exchange Commission filed related civil charges.

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