The Central Bureau of Investigation CBI has arrested NSE’s former group operating officer Anand Subramanian in the alleged irregularities in the stock market manipulation case. He was arrested from his Chennai home late at night and being brought to the agency’s headquarters in Delhi. He was an advisor to the NSE’s MD Chitra Ramkrishna. Look-out circulars were issued against Anand Subramanian, Chitra Ramkrishna, and Ravi Narain as part of the investigation. The CBI is investigating the alleged unfair dissemination of information from the market exchange’s computer server to those of stock brokers.
Earlier this month, Market regulator Securities and Exchange Board of India SEBI had slapped a fine of 3 crore rupees on Chitra Ramkrishna for exchanging confidential information over emails with an unknown individual
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