ED Conducts Searches At 9 Locations In Delhi, Gurugram In NSE Scam Case

| Updated: 08 April, 2022 1:30 pm IST
Enforcement Directorate

NEW DELHI: The Enforcement Directorate (ED) on Friday carried out searches at more than nine locations in Delhi and Haryana’s Gurugram in connection with the National Stock Exchange (NSE) co-location scam case.

According to sources in the ED, the agency started searches at several locations in Delhi and Gurugram on Friday morning.

The source, however, remained tightlipped on the names of the officials and people whose premises were being searched.

The action comes in the wake of the case registered by the Central Bureau of Investigation (CBI) in connection with the case related to irregularities in respect of Co-location facility provided by National Stock Exchange (NSE).

The CBI had last month arrested NSE’s former MD and CEO Chitra Ramkrishna. She was remanded to judicial custody till April 11 by a court. The agency has also questioned several senior officials of the NSE in connection with the case.

The arrest pertaining to the co-location case follows an FIR which was registered in May 2018, amid fresh revelations about irregularities at the country’s largest stock exchange.

In February this year, the Securities and Exchange Board of India (SEBI) imposed a monetary penalty on the NSE as well as Ramakrishna and Ravi Narain, also a former CEO, and two other officials for lapses in recruitment at the senior level.

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