NSEALGOSCAM
Moneylife Digital Team 14 February 2024
The Securities and Exchange Board of India (SEBI) has rejected a settlement application filed by the National Stock Exchange (NSE) in the NSE colocation case, says a report from Moneycontrol quoting two people with direct knowledge of the matter.

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Moneylife Digital Team 15 December 2023
Terming the adjudication orders passed by the Securities and Exchange Board of India (SEBI) as arbitrary and violative of the principles of natural justice, the securities appellate tribunal (SAT) has quashed and drastically reduced penalties imposed against 19 entities.

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Moneylife Digital Team 10 August 2023
While dismissing several orders passed by the Securities and Exchange Board of India (SEBI) in the National Stock Exchange (NSE) colocation matter, the Securities Appellate Tribunal (SAT) has asked the regulator to refund Rs72.58 crore with interest deposited by NSE, Way2wealth Brokers Pvt Ltd and GKN Securities. SAT also dismissed SEBI's prohibitory orders against Chitra Ramkrishna, former managing director and chief executive officer (MD&CEO) of NSE, Ravi Varanasi, Nagendra Kumar and Devi Prasad Singh, all top executives of the Exchange and MR Shashibhushan, Sonali Gupta, Omprakash Gupta and Rahul Gupta.

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How long should it take for Securities and Exchange Board of India (SEBI) to complete an investigation and book the culprits? While the Supreme Court (SC) bench, hearing the Adani stock price crash issue, correctly refused to give SEBI another six months to complete the investigation, the fact is that SEBI has no timelines for its probes and cases have dragged on 20 years, in some cases.

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Moneylife Digital Team 20 March 2023
The Supreme Court (SC) has declined to stay the order passed by the Securities Appellate Tribunal (SAT), which had set aside the Securities and Exchange Board of India (SEBI)’

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The Securities and Exchange Board of India (SEBI), whose investigation on the National Stock Exchange (NSE) colocation (colo)

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IANS 15 February 2023
The Delhi High Court has asked the CBI, which is probing the National Stock Exchange (NSE) co-location scam, to file an affidavit mentioning the update in the case in view of the petition filed by journalist Shantanu Guha Ray.

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Moneylife Digital Team 28 January 2023
The Securities Appellate Tribunal (SAT) on Monday decided to set aside some of the orders issued by the Securities and Exchange Board of India (SEBI) against the National Stock Exchange (NSE) in the NSE co-location (Colo) scam of 2015.

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Moneylife Digital Team 22 July 2022
Statement of Sucheta Dalal, Managing Editor of Moneylife Magazine On the Colocation Scam Investigation by the CBI

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Moneylife Digital Team 01 July 2022
In an order which came late on Thursday evening, the Securities and Exchange Board of India (SEBI) imposed penalties totalling Rs11 crore on eight entities, including National Stock Exchange (NSE) and its former chiefs Chitra Ramkrishna and Ravi Narain in a case pertaining to software related to algorithmic trading and the dark fibre issue that was first reported by Moneylife.

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Moneylife Digital Team 29 June 2022
The Securities and Exchange Board of India (SEBI) has imposed heavy penalties in a 2015 ‘dark fibre’ case that saw certain brokers exploiting the National Stock Exchange’s (NSE’s) internet infrastructure to get faster connectivity to its colocation (colo) facilities.

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Moneylife Digital Team 24 June 2022
Ajay Shah, a former consultant with the ministry of finance between 2004 and 2009 and a key accused in the National Stock Exchange (NSE) colocation (colo) scam, is under investigation for holding sensitive documents falling under the Official Secrets Act (OSA), says a report from BusinessLine

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Moneylife Digital Team 22 June 2022
The central bureau of investigation (CBI), on Wednesday, arrested Sanjay Gupta, owner and promoter of Delhi-based OPG Securities Pvt Ltd,

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Moneylife Digital Team 31 May 2022
Market regulator Securities and Exchange Board of India (SEBI) has slapped a penalty of Rs 3 lakh on Share India Securities Ltd for flouting norms related to the National Stock Exchange (NSE) co-location facility.

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The Enforcement Directorate (ED) on Tuesday grilled the National Stock Exchange's former CEO and MD Chitra Ramkrishna at length at Tihar Jail in connection with the co-location scam.

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The CBI on Saturday launched a search operation at over ten locations in connection with the National Stock Exchange (NSE) co-location scam involving the financial institution's former MD and CEO Chitra Ramkrishna and the ex-Group Operating Officer Anand Subramanian.

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The Delhi High Court on Friday sought the response of the Central Bureau of Investigation (CBI) on the bail application of National Stock Exchange's (NSE) former chief Chitra Ramkrishna, who was arrested in connection with the NSE co-location scam case.

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A special CBI (central bureau of investigation) court here on Thursday refused to grant bail to former NSE (National Stock Exchange) head Chitra Ramkrishna and former employee Anand Subramanian, who were arrested by the probe agency in connection with the NSE co-location case.

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A special CBI court here on Monday deferred the verdict on the bail applications of former NSE head Chitra Ramkrishna and former employee Anand Subramanian, who were arrested by the probe agency in connection with the NSE co-location case.

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Moneylife Digital Team 03 May 2022
Market regulator Securities and Exchange Board of India(SEBI) has imposed a Rs 6 lakh penalty on Pace Stock Broking Services for flouting norms related to National Stock Exchange (NSE)'s co-location facility.

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