FILE PHOTO: A security guard walks past the logo of the National Stock Exchange (NSE) inside its building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas/File Photo
February 25, 2022
MUMBAI (Reuters) – India’s federal police arrested a former senior official at the country’s largest stock exchange, a police source said on Friday, as part of an investigation into alleged corporate governance lapses at the bourse.
Anand Subramanian, a former top adviser to the National Stock Exchange’s (NSE) former CEO Chitra Ramkrishna, was arrested by the Central Bureau of Investigation (CBI) in connection with a 2018 case involving allegations the bourse provided some high-frequency traders unfair access to speed up algorithmic trading, the source said.
(Reporting by Aditya Kalra and Abhirup Roy; Editing by Muralikumar Anantharaman)
Source: One America News Network
