NSE orders not weak or diluted, says outgoing Sebi chief Ajay Tyagi

Recently, FM told a leading financial daily that govt was looking for an answer as to whether Sebi had taken adequate steps in the NSE colocation matter

The orders passed against the National Stock Exchange (NSE) and individuals linked to the colocation scandal weren’t diluted or weak and the regulator worked in the right earnest, said outgoing Sebi chairman Ajay Tyagi on Wednesday.

“Ever since I took over (in 2017), we started the investigation. The colocation matter was complex. There was a lot of technology involved. We issued a series of orders within our remit and understanding. There is no question that the orders were weak or diluted. We have levied one of the highest penalties,” he said.

Recently, the Finance Minister told a leading financial daily