India lifted a trading ban imposed on an unit of JPMorgan Chase & Co. after it deposited 29.6 million rupees ($311,230) in a bank account to comply with an order by the country’s market regulator, according to people familiar with the matter.
Copthall Mauritius Investment Ltd., a JPMorgan unit based in the island nation, and Mansi Share and Stock Broking deposited the alleged unlawful gains last month related to trades in the closing auction session on the BSE on Aug. 13, one of the people said, asking not to be identified as the information is private. Both were accused by Securities and Exchange Board of India of market manipulation in an August interim order.
