NSE colo case: Enforcement Directorate searches premises of four brokers

CBI opposes bail for Ramkrishna, says granting it will adversely affect investigation

Four brokers are under Enforcement Directorate (ED) lens in connection with co-location scam, amid fresh revelations about irregularities at the country’s largest stock exchange, the NSE.

On Friday, ED sleuths carried out extensive searches at about nine premises in Delhi and Gurugram, as they suspect these brokers made illicit gains by getting an unfair advantage over the rest of the market.

The federal agency also suspects that they helped some former executives of the NSE benefit from sensitive information allegedly leaked by the exchange's former managing director and chief executive officer Chitra Ramakrishna (pictured) 

Sources in the ED said the action will continue