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.

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.