new Delhi. The Central Bureau of Investigation (CBI) has arrested Anand Subramaniam, former working officer of the NSE group, within the Nationwide Inventory Trade (NSE) co-location case.
Sources mentioned on Friday that the CBI arrested Subramaniam late on Thursday night time after a number of days of interrogation in Chennai. It’s alleged that some brokers within the NSE had been allowed to arrange server escs from the place their computer systems might be used for on-line buying and selling of NSE. The knowledge used to reach fractions of a second earlier.
The Securities and Trade Board of India (SEBI) has alleged that Subramaniam was appointed because the working officer of the NSE group and chief strategic advisor to the change’s CEO Chitra Ramakrishna, in violation of guidelines and rules.
Ramakrishna, a former NSE official, and others are dealing with allegations of irregularities in Subramaniam’s appointment.
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