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ED raids at multiple locations in NSE co-location case

ED raids at multiple locations in NSE co-location caseed raids at multiple locations in nse co-location case - times of india

The ED on Friday conducted multiple raids in connection with its money laundering probe into the alleged irregularities in the National Stock Exchange (NSE) co-location case, officials said.

 

The federal probe agency is covering nine premises in Delhi and neighbouring Gurugram including those of some brokers involved in the case, they said.

ed raids at multiple locations in nse co-location case | orange news9 : latest news

The raids are being carried out under the provisions of the Prevention of Money Laundering Act (PMLA). The agency had registered a money laundering case to probe the alleged irregularities in 2019.

 

The CBI had recently arrested former NSE managing director and chief executive officer Chitra Ramkrishna and group operating officer (GOO) Anand Subramanian in this case.

ed raids at multiple locations in nse co-location case | the financial express

The Income tax department too is probing the case.

 

The Securities and Exchange Board of India (SEBI) began its probe into the matter in early 2015 after it was brought to light by a ‘whistle-blower’ that some brokers were allegedly getting preferential access through co-location facility, early login and ‘dark fiber’ which can allow a trader a split-second faster access to data feed of an exchange.ed conducts raids at multiple locations in nse co-location money laundering case- the new indian express

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