Ongoing investigation in the NSE co-location scam, in which Ramkrishna has been indicted, also became a talking point in today’s Parliament session 
Ongoing investigation in the NSE co-location scam, in which Ramkrishna has been indicted, also became a talking point in today’s Parliament session 
Delhi court on Monday extended the judicial custody of the former managing director and chief executive officer of the National Stock Exchange (NSE) Chitra Ramkrishna till April 11 in the co-location case. Court will shortly pass the order on the application by the Central Bureau of Investigation (CBI) seeking handwriting samples of Ramkrishna during the custody, as per news agency ANI.
Ongoing investigation in the NSE scam, in which Ramkrishna has been indicted, also became a talking point in today’s Parliament session. Minister of State for Finance Pankaj Chaudhary told the Lok Sabha that the Securities and Exchange Board of India (SEBI) has not come across any instance to suggest that the co-location was caused by the installation of a small device.
He said, “Co-location issue at NSE was caused by NSE not exercising the requisite due diligence while putting in place the TBT market data feed dissemination architecture.” He also noted that allegations in the case are that of preferential access and do not involve any foreign exchange.
(More details awaited)
Copyright©2022 Living Media India Limited. For reprint rights: Syndications Today
