NSE co-location case: Who is Anand Subramanian and why is he arrested?

CBI, which filed an FIR four years ago, is under pressure to crack down on the NSE co-location case.

The Central Bureau of Investigation (CBI) on Friday arrested the National Stock Exchange’s (NSE) former Group Operating Officer (GOO) and advisor to Managing Director (MD) Anand Subramanian. Here is an explainer on who he is and why he has been arrested now:

His role at NSE

Subramanian joined NSE on April 01, 2013 as chief strategic advisor. Prior to joining NSE, he worked at an arm of Balmer & Lawrie as vice president. He was re-designated as GOO and advisor to MD and CEO Chitra Ramkrishna from April 1, 2015 till October 21, 2016. He was associated with the exchange