NSE Colocation Case

The former NSE managing director, who was earlier arrested by the CBI in the alleged NSE co-location scam, was arrested in the present case by the Enforcement Directorate on July 14 last year

To prevent market abuse, NSE said it has deployed artificial intelligence (AI) tools that identify manipulative practices such as layering and reversal of transactions

The Enforcement Directorate recently recorded the statement of former NSE managing director and CEO Chitra Ramkrishna as part of a money laundering investigation against her and others

CBI has recovered incriminating documents, digital devices and other crucial evidences during raids conducted at 10 places belonging to different brokers in connection with the co-location scam

The Central Bureau of Investigation (CBI) launched a coordinated search operation at over 10 locations in multiple cities on Saturday in connection with the NSE co-location scam case, officials said.

The Delhi High Court sought the response of CBI on the bail application of National Stock Exchange's (NSE) ex-chief Chitra Ramkrishna, who was arrested in connection with the NSE co-location scam case

In National Stock Exchange (NSE) co-location case, Chitra Ramkrishna former managing director (MD) and chief executive officer (CEO), moved Delhi High Court seeking bail in the matter.

The court said that the present scam may also impact the investment scenario in the country as FIIs are always looking for a fair, transparent, and clean stock exchange to trade with

Both Ramkrishna and Subramanian, currently lodged in Tihar Jail under judicial custody, have been charge-sheeted under various sections of the IPC

Directs Subramanian to deposit Rs 60 lakh within four weeks

A special CBI court here on Monday deferred the verdict on the bail applications of former NSE head Chitra Ramkrishna and former employee Anand Subramanian, who were arrested by the probe agency

Capital markets regulator Sebi on Friday imposed a Rs 6 lakh penalty on Pace Stock Broking Services for flouting norms related to National Stock Exchange's co-location facility.

If the CBI wants to get at the truth, it has to cast its net wide, without fear or favour

Names former MD & CEO Ramkrishna, Subramanian as 'accused'

It said that the nature and gravity of the offence were quite severe and had far-reaching repercussions on financial stability

The arrest pertaining to the co-location case follows an FIR which was registered in May 2018, amid fresh revelations about irregularities at the country's largest stock exchange

The court on March 26 sought CBI's response on Ramkrishna's bail plea and posted the matter for April 8

The application, filed on Friday, claimed that Chitra Ramkrishna was not required for further interrogation and that no purpose will be served by keeping her in custody

The probe agency had arrested Ramkrishna on March 6, a day after her anticipatory bail application was dismissed by the court

The agency reportedly believes that it was not an innocuous leisure trip and that it needs a thorough investigation