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NSE Scam: CBI raids several cities in the country including Kolkata in NSE co-location corruption case

NSE Rip-off: CBI raids a number of cities within the nation, together with Kolkata, in NSE co-location corruption case

Kolkata: The CBI has launched a nationwide search operation within the co-location corruption case of the Nationwide Inventory Trade. The Central Bureau of Investigation (CBI) on Friday carried out searches in numerous locations together with Kolkata, Delhi, Mumbai, Gandhinagar, Noida and Gurugram. A number of brokers and merchants have been additionally searched.

The CBI has already arrested Chitra Ramakrishna, former managing director of NSE, and Anand Subramanian, former group working officer, in reference to the co-location corruption case. The CBI has additionally filed a chargesheet towards them. Complaints have additionally been lodged towards a selected firm for offering co-location amenities with bribes.

In keeping with the CBI, Delhi-based brokerage agency OPG Securities and its promoter Sanjay Gupta broke the foundations and took benefit of the NSE’s co-location system. Resulting from which Sanjay and his brokers would be capable of log-in for transactions a while earlier than different brokers and together with his assist they’d make revenue.

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The case was registered in May 2016. The case was filed on the premise of the SEBI report. They have been accused of unlawful recruitment and leaking confidential info.

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