 "NSE, Nifty, markets")
The Central Bureau of Investigation (CBI) has filed a case of cheating and criminal conspiracy against some officials of the Securities and Exchange Board of India (Sebi) and the National Stock Exchange, two brokerages, and iSec Services, a firm associated with former Mumbai police commissioner Sanjay Pandey, for allegedly defrauding the bourse and causing huge losses.
This is the third case filed by the federal investigation agency in the NSE colocation case, related to allegedly allowing certain broking firms differential access, thus giving them an undue advantage.
The agency named SMC Global Securities, Shaastra Securities Trading, and iSec and its
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