The retired 1986-batch IPS officer was taken into custody by the federal probe agency after more than seven hours of questioning in the case
CBI has made substantial progress in the investigation into the NSE co-location case where markets regulator Sebi has found violations of norms by exchange, Finance Minister Nirmala Sitharaman said
Anand Subramanian was arrested by the CBI on February 24 in connection with the co-location scam case
A Delhi court on Saturday denied anticipatory bail to the former chief executive officer of NSE, Chitra Ramkrishna, in the NSE co-location case
Sebi had directed exchange to transfer this income to a bank account pending probe
Sebi directed the National Stock Exchange to disgorge Rs 625 crore, along with interest at 12 per cent per annum since 2014, for lapses at its co-location facility
The tribunal, however, granted an additional week to the exchange to comply with the May 22 order which directed NSE to transfer Rs 687 cr to Sebi within two weeks from the escrow account
A total of three petitions have been filed against the rulings of the market regulator, which had also directed the bourse to disgorge profits worth over Rs 1,000 crore
Earlier, SAT granted similar interim relief to three senior NSE officials and broker OPG Securities charged in the co-location case
The three are Ravi Varansi, head of business development; Nagendra Kumar SRVS, head of membership department; and Deviprasad Singh, head of co-location support
Sebi has barred the three officials from holding any position with any stock exchange, depository, clearing corporation and any intermediary registered with it for two years
The order comes at a time when it had planned to go aggressive in commodity segment where the Exchange had entered just six months ago
Ravi Narain was an independent director on the board of PI Industries and Escorts. Both the two companies and made a stock exchange disclosure stating that Narain had resigned with immediate effect
'The order does not affect the exchange or its functioning in any manner, and has no negative implications on its business or market share'
Directs bourse to disgorge Rs 625 cr for lapses in co-location case
Two former NSE chief executive officers, Ravi Narain and Chitra Ramkrishna, to disgorge 25 per cent of their salaries
Sources say the audit report has not found any individual involvement or human fault in the case