Market regulator SEBI has exonerated former National Stock Exchange MD and CEO Ravi Narain and a few other senior officials in a matter involving dark-fibre connectivity at the stock exchange.
SEBI had asked NSE to deposit ₹62 crore of estimated ‘ill-gotten wealth’ but the regulator on Thursday said the nine officials, including Narain, cannot be held responsible for any misconduct or non-compliance in the so-called ‘dark-fibre issue’ .
Former officials absolved from the charges include senior V-P (operations) R Nandakumar, Co-Location head Jagdish Joshi, CTOs N Muralidharan and Ravi Apte.
Current officials who have been exonerated are COO (Trading) Mayur Sindhwad ...
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