The Central Bureau of Investigation (CBI) on Sunday arrested the former Managing Director of the National Stock Exchange (NSE), Chitra Ramkrishna, in a case registered in May 2018, to probe the alleged abuse of the exchange’s server architecture for granting preferential access of market data to a stock broker, ahead of others.
The development came days after former NSE Group Operating Officer, Anand Subramanian, was arrested by the agency in the same case. Ms. Ramkrishna, who worked with the exchange from the early 1990s, was its Managing Director and Chief Executive Officer from April 2013 to December 2016. More arrests are likely soon in the case.
