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Finance Ministry Under Scanner For NSE Co-Location Scam As CBI Traces Questionable Emails
CBI's investigation of NSE Co-Location has reached the doors of the Finance Ministry and this is likely to open a pandora's box of new facts in this almost half a decade-old case.
CBI has been probing multiple email threads and conversations related to policy and influence in the stock exchange, way back from 2010. This also means that various big names will be getting into the scanner of CBI, and this includes the likes of then NSE MD & CEO Ravi Narain, NIPFP Prof Ajay Shah and ex-FinMin official K P Krishnan.
In the charge sheet filed by CBI, it has come to notice that Ravi Narain along with Ajay Shah sought to influence policy outcomes through policymakers in the Finance Ministry and all this for the sake of preserving the dominance of NSE in major segments of trading and it was also implied in some of these emails that Mr Raghuram Rajan was to be approached for these purposes as well.
This new angle in the NSE Co-Location scandal is slightly less dramatic than Himalayan Yogi but more political as the Finance Ministry's involvement in this will only lead to a better understanding for the CBI as to how some brokers were treated special and how they executed all this and eventually who made the most out of this fraud.
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By Stock PathshalaCBI's investigation of NSE Co-Location has reached the doors of the Finance Ministry and this is likely to open a pandora's box of new facts in this almost half a decade-old case.
CBI has been probing multiple email threads and conversations related to policy and influence in the stock exchange, way back from 2010. This also means that various big names will be getting into the scanner of CBI, and this includes the likes of then NSE MD & CEO Ravi Narain, NIPFP Prof Ajay Shah and ex-FinMin official K P Krishnan.
In the charge sheet filed by CBI, it has come to notice that Ravi Narain along with Ajay Shah sought to influence policy outcomes through policymakers in the Finance Ministry and all this for the sake of preserving the dominance of NSE in major segments of trading and it was also implied in some of these emails that Mr Raghuram Rajan was to be approached for these purposes as well.
This new angle in the NSE Co-Location scandal is slightly less dramatic than Himalayan Yogi but more political as the Finance Ministry's involvement in this will only lead to a better understanding for the CBI as to how some brokers were treated special and how they executed all this and eventually who made the most out of this fraud.
Install the Stock Pathshala App Now- http://tiny.cc/qlk1bz
To grab knowledge read blogs here: https://www.stockpathshala.com/
Follow us here:
Instagram: Stockpathshala
Facebook: https://www.facebook.com/stockpathshalaa
Twitter: https://twitter.com/stockpathshala
Youtube: https://www.youtube.com/channel/UCksVr8lIwOPd1UtJkE3mdJQ