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 search operation will cover brokers at more than 12 premises in Mumbai, Gandhinagar, Delhi, Noida, Gurugram and Kolkata, among other cities, they added.
The central agency has filed a chargesheet against former National Stock Exchange (NSE) CEO and MD Chitra Ramkrishna and group operating officer Anand Subramanian in the case, the officials said.
The probe has so far established that from 2010 to 2015, when Ramkrishna was managing the affairs of the NSE, OPG Securities, one of the accused in the FIR, had connected to the secondary POP server on 670 trading days in the “Futures and Options” segment.
The CBI has kept the probe open into allegations of preferential access granted to certain brokers by NSE officials and undue gains made out of it during the tenure of Ramkrishna and Subramanian.
Ramkrishna, who succeeded former CEO Ravi Narain in 2013, had appointed Subramanian as her advisor, who was later elevated as the group operating officer (GOO) at a fat paycheque of Rs 4.21 crore annually, the officials said.
Subramanian’s controversial appointment and subsequent elevation, besides crucial decisions, were guided by an unidentified person, who Ramkrishna claimed was a formless…
