I-T dept brings in ED to check money trail in NSE co-location case

OPG Securities under scanner for forex transactions

Delhi-based OPG Securities, which is in the eye of the storm for gaining unfair access to the National Stock Exchange’s (NSE’s) trading systems, could be in further trouble. 

According to sources, the income-tax (I-T) department has come across banking transaction records involving the brokerage where money was sent to accounts located outside the country.

Last week, the I-T department conducted an extensive search and survey on at least half a dozen individuals, including former and current officials of the NSE and brokers who could have made benefitted from the trading flaws at the exchange. Taxmen seized Rs 11 crore in