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Zerodha Co-Founder Nikhil Kamath has alerted investors about not being part of any WhatsApp group that gives stock recommendations.

Ramkrishna, who headed the NSE between 2013 and 2016, has been charged with illegal gratification through abuse of position and criminal conspiracy, among other offences. The irregularities in the case had purportedly taken place between 2010 and 2014. In April 2022, the CBI framed charges against Ramkrishna under sections of 13(1)(d) and 13(2) of the Prevention of Corruption Act, and 120(b) of the Indian Penal Code.

SEBI chief Madhabi Puri Buch had earlier emphatically proclaimed that a Karvy-like incident would only happen over the regulator's dead body.

The suspects, including two former employees of the Malad-based firm, impersonated the company's staff and persuaded three customers to share One-Time Passwords (OTPs) that is required for selling shares.