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Over the past two decades, SEBI has either operated on the directions of the finance ministry or its activities have flown below the radar of any public or political scrutiny.
The central agency has filed a chargesheet against former National Stock Exchange (NSE) CEO and MD Chitra Ramkrishna and group operating officer Anand Subramanian in the case, the officials said.
Ramkrishna counsel argued that the NSE board included former judge Justice B N Srikrishna and its members deliberated upon the additional roles of Subramanian
With the arrest of former National stock exchange managing director and CEO Chitra Ramkrishna in a co-location scam case on March 6 by the Central Bureau of Investigation (CBI), the focus will now shift on how the whole episode was planned, as the central agency interrogates her.