NSE scandal: Former MD Chitra Ramkrishna arrested
Ramkrishna had earlier been questioned by the agency last month along with Subramanain and former NSE CEO Ravi Narain. Source: IndianExpress
A SEBI order of February 11 has levied a fine of Rs 3 crore on Ramkrishna for violating rules in his appointment.
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According to the agency, these traders obtained faster access to the Exchange's data feed - even a split-second advantage can lead to huge gains.
The allegations of unfair access were first made in January 2015 by a whistleblower who wrote to SEBI.