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

[{"selector":"#anim-3f0d4db2-74e9-4d4e-9fcb-7c3191c347ff","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

A SEBI order of February 11 has levied a fine of Rs 3 crore on Ramkrishna for violating rules in his appointment.

[{"selector":"#anim-a1a54671-e58f-4cb7-a703-f643530e6c61","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

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.

[{"selector":"#anim-67757f8a-35e5-4ee0-a7aa-6322f307b720","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

The allegations of unfair access were first made in January 2015 by a whistleblower who wrote to SEBI.

[{"selector":"#anim-eee63724-b90a-4835-b8d8-5ecb545fc5ac","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]