NSE Scam

Leading stock exchange NSE's board has given its approval to the Central Bureau of Investigation (CBI) to prosecute its former MD and CEO Chitra Ramkrishna in the co-location scam case, sources said on Monday. The CBI was awaiting the go-ahead of the board of National Stock Exchange of India (NSE) to prosecute Ramkrishna following her arrest in March last year. She was arrested in the co-location scam nearly four years after an FIR was registered by the agency in May 2018. The CBI is probing the alleged improper dissemination of information from the computer servers of the market exchanges to the stock brokers. NSE's co-location facility allows stock brokers to take on rent specific racks and co-locate their servers and systems within the exchange premises. In its board meeting on February 7, the board of NSE accorded approval to CBI to prosecute top officials including Ramkrishna in the co-location scam, wherein some brokers allegedly got preferential access in high frequency ...

The petition is likely to come up for hearing on August 2

Who is the mysterious yogi in the NSE saga?

At the heart of the National Stock Exchange controversy is a mysterious yogi everyone is talking about now. Did the mystic really lived in the Himalayas and guided Chitra Ramkrishna ? Here's a report

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Sebi has issued show cause notice to five big brokers and Mumbai Police's economic offence wing