ED raids at multiple locations in NSE co-location case – Times of India

NEW DELHI: The ED on Friday carried out a number of raids in reference to its cash laundering probe into the alleged irregularities within the Nationwide Inventory Trade (NSE) co-location case, officers stated. The federal probe company is masking 9 premises in Delhi and neighbouring Gurugram together with these of some brokers concerned within the case, they stated.
The raids are being carried out underneath the provisions of the Prevention of Cash Laundering Act (PMLA). The company had registered a cash laundering case to probe the alleged irregularities in 2019.
The CBI had lately arrested former NSE managing director and chief government officer Chitra Ramkrishna and group working officer (GOO) Anand Subramanian on this case.
The Revenue tax division too is probing the case.
The Securities and Trade Board of India (Sebi) started its probe into the matter in early 2015 after it was dropped at gentle by a ‘whistle-blower’ that some brokers had been allegedly getting preferential entry by co-location facility, early login and ‘darkish fiber’ which might enable a dealer a split-second sooner entry to knowledge feed of an change.

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