The four Sebi officials in CBI crosshairs

The Central Bureau of Investigation (CBI)'s preliminary enquiry (PE) in the MCX-SX license grant case has got converted into a first information report against Jignesh Shah, the founder of the exchange. Although CBI has dropped proceedings against former Sebi chief C B Bhave and whole-time member K M Abraham, the FIR names 1 former and 3 current Sebi officials. A brief profile of Sebi officials named in the FIR:

JN GUPTA, FORMER SEBI OFFICIAL, NOW HEAD OF PROXY ADVISORY ORGANISATION
J N Gupta served as executive director (ED) between 2009 and 2011 at Sebi, then headed by C B Bhave. Gupta, at present, is the founder and managing director of Stakeholders Empowerment Services (SES), leading proxy advisory. SES, led by Gupta, has been an active voice in highlighting governance breaches at various listed companies. An IIT graduate, Gupta was part of Sebi's market regulation department, overseeing functioning of market infrastructure institutes such as stock exchanges and depositories. In his first stint at Sebi in 1994, Gupta worked as the chief of primary and secondary market division. The former Sebi ED has also been member secretary of a committee headed by Bimal Jalan to review market infrastructure institutions.

MURALI DHAR RAO, SEBI OFFICIAL WITH TWO MASTERS' DEGREES

Murali Dhar Rao is one of seven executive directors at the Sebi. He currently handles portfolios including the market regulation department (MRD), which looks at the administration of stock exchanges as well as the division for risk management and new products. He also looks at the department of economic and policy analysis (DEPA), which among other things, looks at issues like systematic stability. A double post-graduate, he is described as a good boss to work under. He has a master's degree in commerce as well as an MBA (Master in Business Administration) in Finance. He has been working at Sebi for over 20 years, during which he has handled a variety of matters including those related to issue management, corporate restructuring and policy matters relating to secondary market, administration and inspection of stock exchanges and depositories. He has been executive director for over two years now at Sebi, having been appointed on July 13, 2012.

VISHAKHA MORE
Vishakha More serves as the assistant general manager with Sebi in the market regulation department. In 2012, More, who is visually challenged, won award for best employee from the social justice and empowerment ministry. A political science graduate from Delhi's Hindu College, More joined Sebi in 2004. More is considered to be an accurate source on Sebi regulations by staffers at Sebi. More is known to write her notes in Braille and uses software programmes for reading emails.

RAJESH DANGETI
Rakesh Dangeti serves as deputy general manager at Sebi's market regulation department. He has been with Sebi for over seven years. Dangeti, who has a master's degree in securities law, has capital market experience of 15 years where he has worked as an investment banker and has been involved in formulating market framework.