Co-location scam: NSE execs under radar, CBI says may expand scope of probe

The CBI said that it might check whether SEBI, NSE, or ministry officials were involved in the co-location scam

The Central Bureau of Investigation (CBI) on Wednesday said it is probing whether certain officials of the National Stock Exchange (NSE) had unfairly favoured certain companies by allowing them access to backup and secondary servers. The probe agency has said in a status report filed in the Delhi High Court, that is also trying to ascertain whether these officials had provided market feed first to certain broking agencies before others.

CBI also said it may expand the scope of the probe to ascertain whether officials from the Securities and Exchange Board of India (Sebi), NSE, or any other government ministry