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NSE Co-location case: Narain, Ramakrishnan play blame game in testimony to SEBI

SEBI questioned the two former officials on multiple matters including Omenisys, Ajay Shah, and brokers allegedly involved in the case.

July 31, 2018 / 22:08 IST
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Tarun Sharma Moneycontrol News

The Securities and Exchanges Board of India (SEBI) is facing an uphill task in the NSE co-location case due to discrepancies in the responses of former NSE vice-chairman Ravi Narain and former MD Chitra Ramakrishnan.

SEBI questioned the two former officials on multiple matters including Omenisys, Ajay Shah, and brokers allegedly involved in the case.

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Emails and messages to both Ramakrishnan and Narain elicited no response.

Below are responses of Ramakrishnan questioned on April 12, and Narain questioned on April 13, to multiple questions posed by SEBI.