CBI arrests ex-NSE GOO Anand Subramanian over irregularities in NSE case

NEW DELHI: The CBI has arrested former group working officer of National Stock Exchange Anand Subramanian after increasing its three-year probe into the co-location rip-off in the change in view of “fresh facts” rising in a damning Sebi report, officers stated on Friday. Subramanian was taken into custody late Thursday evening, they stated.
He was questioned for days in Chennai earlier than the company determined to arrest him, the officers stated.
The Securities and Exchange Board of India (Sebi) has charged former National Stock Exchange (NSE) CEO Chitra Ramkrishna and others with alleged governance lapses in the appointment of Subramanian because the chief strategic advisor and his re-designation as group working officer and advisor to MD.
Sebi has levied a wonderful of Rs 3 crore on Ramkrishna, Rs 2 crore every on NSE, Subramanian, former NSE MD and CEO Ravi Narain, and Rs 6 lakh on V R Narasimhan, who was the chief regulatory officer and compliance officer.

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