<h1>Markets regulator finds no insider trading, manipulation or related-party rule breaches after probe; loans bona fide, proceedings dropped</h1> Markets regulator concluded after a detailed probe that alleged insider trading, market manipulation and related-party disclosure breaches by a major conglomerate in connection with a short-seller's report were unsubstantiated; transactions between group entities were held to be bona fide inter-company loans repaid with interest and did not meet the legal definition of related-party transactions applicable during the investigation period. Sebi applied prospective amendments to related-party rules and found no evidence of fund siphoning or PFUTP violations, dropping all enforcement proceedings against the group companies and executives. Separate criminal allegations by a foreign authority remain unrelated to Sebi's findings.