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SEBI exonerates Ravi Narain, 8 others in NSE dark-fibre case


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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