SEBI Slaps Rs 2 Crore Recovery Notice On Former NSE Official
NDTV
NSE Co-Location Scam: SEBI sent a notice to former NSE officer Anand Subramanian, asking him to pay Rs 2 crore in a case related to governance lapses
Capital markets regulator Securities and Exchange Board of India (SEBI) on Tuesday sent a notice to former group operating officer of National Stock Exchange (NSE), Anand Subramanian, asking him to pay Rs 2.05 crore in a case related to governance lapses at the stock exchange, and warned of arrest and attachment of assets as well as bank accounts if he fails to make the payment within 15 days.
The notice came after Mr Subramanian failed to pay the fine imposed on him by SEBI.
The regulator, through an order passed on February 11, levied a fine of Rs 2 crore Mr Subramanian in the matter of governance issues at the exchange.
SEBI charged former NSE chiefs, Chitra Ramkrishna and Ravi Narain, and others with alleged governance lapses in the appointment of Subramanian as the chief strategic advisor and his re-designation as group operating officer and advisor to then managing director Ms Ramkrishna.
