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Colo fraud: Will CBI do what Sebi did not?

If the CBI wants to get at the truth, it has to cast its net wide, without fear or favour

NSE, national stock exchange, nifty50
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Less than 15 minutes before close, NSE and BSE announced they were extending trading hours from 3:45pm to 5pm.

Debashis Basu
Last Thursday, the Central Bureau of Investigation (CBI) filed a charge sheet against Chitra Ramkrishna, former chief executive officer (CEO) of the National Stock Exchange (NSE), and Anand Subramanian, former group operating officer (GOO), in connection with the co-location (colo) fraud case at the exchange. The charge sheet named the two for allegedly providing preferential and unfair access to the NSE’s trading system to some brokers. It also alleged that key information — such as the NSE’s organisational structure, dividend scenario, financial results, human resources policy, response to the regulator, and future projects — was sent to an external email
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