The CBI has taken into custody former NSE GOO Anand Subramanian during a probe into the co-location scam which came out in a damning Sebi report referring to a mysterious Yogi which was guiding actions of former CEO Chitra Ramkrishna, said officials as per PTI.??
He was arrested in Chennai.
They questioned him for 3 days.?
The CBI shall produce him before a Chennai court for his transit remand which will allow them to bring him to Delhi, they added.?
Ramkrishna, who had taken over former CEO Ravi Narain in 2013, had appointed Subramanian as her advisor who later became GOO and got a package of Rs 4.21 crore.?
It was claimed in an audit that Subramanian was the Yogi, but Sebi dismissed it in its final February 11 report.?
Ramakrishna left NSE in late 2016.?
Sebi on February 11 charged former CEO Ramkrishna and others with alleged governance lapses with regards to the appointment of Subramanian as the chief strategic advisor.?
Sebi has imposed fines of Rs 3 crore on Ramkrishna and Rs 2 crore each on NSE, Subramanian, former NSE MD and CEO Ravi Narain along with and Rs 6 lakh on VR Narasimhan who had been the chief regulatory officer and compliance officer.?
"It was alleged that the owner and promoter of said private company abused the server architecture of NSE in conspiracy with unknown officials of NSE. It was also alleged that unknown officials of NSE, Mumbai had provided unfair access to said company using the co-location facility during the period 2010-2012 that enabled it to login first to the exchange server of Stock Exchange that helped to get the data before any other broker in the market," the CBI alleged in its FIR.???
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