Tag: National Stock Exchange

  • Stock Market Fraud: Check NSE’s Direct Link To Know, Locate Your Stock Broker | Personal Finance News

    New Delhi: The investment market is now flooded with scamsters who are lurking around spotting gullible and vulnerable people and dupe them of their hard earned money.

    The National Stock Exchange (NSE) on Friday issued an advisory on Friday cautioning investors of certain individuals and entities promising assured returns on investment in the stock market. 

    In a corporate statement, NSE said, “It has been brought to the notice of the Exchange that person named “Amisha Thakur” operating through mobile number “9366171650” is providing securities market tips and assured returns on investment in stock market.”

    It added that the said person/entity are not registered either as a member or authorized person of any registered member of the National Stock Exchange of India Limited. 

    NSE has also cautioned and advised investors not to subscribe to any such scheme/product offered by any person/entity offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law.

    Check NSE’s Direct Link To Know, Locate Your Stock Broker

    Exchange has provided a facility of ‘Know/Locate your Stock Broker’ under the link https://www.nseindia.com/invest/find-a-stock-broker on its website, to check the details of the registered member and its authorised persons.

    Further, the designated bank accounts named as client bank accounts to receive/pay money from/to investors as disclosed by the trading members to Exchange are also displayed under the said link. Investors are advised to check the details while dealing with any person/entity, it added.

  • NSE unlawful telephone tapping: ED information cash laundering case in opposition to former Mumbai most sensible cop

    By way of PTI

    NEW DELHI: The Enforcement Directorate has filed a cash laundering grievance in opposition to ex-Mumbai Police Commissioner Sanjay Pandey and previous NSE most sensible bosses Chitra Ramkrishna and Ravi Narain in reference to the alleged unlawful telephone tapping case of the inventory trade staff, officers mentioned Thursday.

    It additionally positioned Ramkrishna, until now in judicial custody within the Nationwide Inventory Alternate (NSE) colocation case related to alleged manipulation of the bourse, beneath arrest.

    A Delhi court docket later granted the anti-money laundering probe company her custody for 4 days.

    Pandey is known to were summoned through the ED to look prior to the company on Friday in Delhi for wondering within the telephone tapping case, the officers mentioned.

    The federal probe company filed the recent case beneath legal sections of the Prevention of Cash Laundering Act (PMLA), every week after the CBI booked them.

    The Central Bureau of Investigation had alleged that Narain and Ramkrishna, each former leader executives of NSE, had roped in an organization based through retired IPS officer Pandey to snoop at the inventory marketplace staff through illegally intercepting their telephones calls.

    The CBI, and now the ED, have named Pandey, his Delhi-based corporate iSEC Products and services Pvt.

    Ltd, NSE’s former MD and CEOs Narain and Ramkrishna, govt vice chairman Ravi Varanasi and head (premises) Mahesh Haldipur, amongst others, of their respective proceedings.

    The ED will probe if any proceeds of crime had been generated thru this alleged unlawful act and the accused laundered public finances.

    Pandey, a 1986-batch Indian Police Provider (IPS) officer, retired from provider on June 30.

    Sooner than his four-month stint as Mumbai’s commissioner of police, he served as performing Maharashtra director common of police (DGP).

    He used to be wondered through the ED on July 5 within the alleged NSE colocation rip-off case in Delhi.

    The ED found out secret telephone surveillance whilst probing the alleged monetary irregularities on the NSE following which it reported it to the Ministry of House Affairs (MHA), which requested the CBI to probe the costs, the officers mentioned.

    The CBI had alleged in its grievance that all through the length 2009-17, Narain, Ramkrishna, Varanasi and Haldipur conspired to illegally intercept the phones of NSE staff for which they employed iSEC Products and services Pvt Ltd, based through Pandey in 2001.

    Pandey had included the corporate after resigning from provider however his resignation used to be now not authorised.

    The corporate allegedly gained a fee of Rs 4.45 crore for unlawful tapping which used to be camouflaged as “Periodic Learn about of Cyber Vulnerabilities” on the NSE, the CBI alleged.

    The corporate additionally supplied transcripts of the tapped conversations to senior control of the inventory marketplace, it had claimed.

    “Most sensible officers of NSE issued settlement and paintings orders in favour of mentioned non-public corporate and illegally intercepted the telephone calls of its staff through putting in machines, in contravention of provisions beneath Indian Telegraph Act,” a observation from the CBI mentioned.

    Officers mentioned the interception used to be stopped in 2019, months after the CBI began probing the NSE colocation rip-off in 2018, and the machines and different infrastructure used for interception had been disposed of as e-waste through the bourse.

    The alleged fraud pertains to manipulation of the inventory marketplace thru digital contrivances.

    The CBI additionally carried out raids closing week within the telephone tapping case and claimed to have recovered authentic transcripts, raid server, voice samples, two laptops containing proof associated with interception, expenses generated for products and services rendered through iSEC, amongst others, from the corporate premises.

    That they had mentioned 4 MTNL strains utilized by NSE staff having capability for 120 calls at a time had been beneath the scanner.

    The CBI alleged that no permission for this task used to be bought from the competent authority as supplied for less than segment 5 of the Indian Telegraph Act.

    “No consent of the workers of NSE used to be additionally taken on this topic,” it mentioned.

    The CBI has additionally indexed as accused the then administrators of iSEC Products and services Pvt Ltd Santosh Pandey, Anand Narayan, Armaan Pandey, Manish Mittal, former Senior Knowledge Safety Analyst Naman Chaturvedi and Arun Kumar Singh.

    The corporate had achieved the protection audit across the time the colocation rip-off used to be speculated to have taken position.

    NEW DELHI: The Enforcement Directorate has filed a cash laundering grievance in opposition to ex-Mumbai Police Commissioner Sanjay Pandey and previous NSE most sensible bosses Chitra Ramkrishna and Ravi Narain in reference to the alleged unlawful telephone tapping case of the inventory trade staff, officers mentioned Thursday.

    It additionally positioned Ramkrishna, until now in judicial custody within the Nationwide Inventory Alternate (NSE) colocation case related to alleged manipulation of the bourse, beneath arrest.

    A Delhi court docket later granted the anti-money laundering probe company her custody for 4 days.

    Pandey is known to were summoned through the ED to look prior to the company on Friday in Delhi for wondering within the telephone tapping case, the officers mentioned.

    The federal probe company filed the recent case beneath legal sections of the Prevention of Cash Laundering Act (PMLA), every week after the CBI booked them.

    The Central Bureau of Investigation had alleged that Narain and Ramkrishna, each former leader executives of NSE, had roped in an organization based through retired IPS officer Pandey to snoop at the inventory marketplace staff through illegally intercepting their telephones calls.

    The CBI, and now the ED, have named Pandey, his Delhi-based corporate iSEC Products and services Pvt.

    Ltd, NSE’s former MD and CEOs Narain and Ramkrishna, govt vice chairman Ravi Varanasi and head (premises) Mahesh Haldipur, amongst others, of their respective proceedings.

    The ED will probe if any proceeds of crime had been generated thru this alleged unlawful act and the accused laundered public finances.

    Pandey, a 1986-batch Indian Police Provider (IPS) officer, retired from provider on June 30.

    Sooner than his four-month stint as Mumbai’s commissioner of police, he served as performing Maharashtra director common of police (DGP).

    He used to be wondered through the ED on July 5 within the alleged NSE colocation rip-off case in Delhi.

    The ED found out secret telephone surveillance whilst probing the alleged monetary irregularities on the NSE following which it reported it to the Ministry of House Affairs (MHA), which requested the CBI to probe the costs, the officers mentioned.

    The CBI had alleged in its grievance that all through the length 2009-17, Narain, Ramkrishna, Varanasi and Haldipur conspired to illegally intercept the phones of NSE staff for which they employed iSEC Products and services Pvt Ltd, based through Pandey in 2001.

    Pandey had included the corporate after resigning from provider however his resignation used to be now not authorised.

    The corporate allegedly gained a fee of Rs 4.45 crore for unlawful tapping which used to be camouflaged as “Periodic Learn about of Cyber Vulnerabilities” on the NSE, the CBI alleged.

    The corporate additionally supplied transcripts of the tapped conversations to senior control of the inventory marketplace, it had claimed.

    “Most sensible officers of NSE issued settlement and paintings orders in favour of mentioned non-public corporate and illegally intercepted the telephone calls of its staff through putting in machines, in contravention of provisions beneath Indian Telegraph Act,” a observation from the CBI mentioned.

    Officers mentioned the interception used to be stopped in 2019, months after the CBI began probing the NSE colocation rip-off in 2018, and the machines and different infrastructure used for interception had been disposed of as e-waste through the bourse.

    The alleged fraud pertains to manipulation of the inventory marketplace thru digital contrivances.

    The CBI additionally carried out raids closing week within the telephone tapping case and claimed to have recovered authentic transcripts, raid server, voice samples, two laptops containing proof associated with interception, expenses generated for products and services rendered through iSEC, amongst others, from the corporate premises.

    That they had mentioned 4 MTNL strains utilized by NSE staff having capability for 120 calls at a time had been beneath the scanner.

    The CBI alleged that no permission for this task used to be bought from the competent authority as supplied for less than segment 5 of the Indian Telegraph Act.

    “No consent of the workers of NSE used to be additionally taken on this topic,” it mentioned.

    The CBI has additionally indexed as accused the then administrators of iSEC Products and services Pvt Ltd Santosh Pandey, Anand Narayan, Armaan Pandey, Manish Mittal, former Senior Knowledge Safety Analyst Naman Chaturvedi and Arun Kumar Singh.

    The corporate had achieved the protection audit across the time the colocation rip-off used to be speculated to have taken position.

  • Former NSE CEO Chitra Ramkrishna strikes Delhi HC for bail in co-location case

    By way of PTI

    NEW DELHI: A Delhi Top Court docket pass judgement on on Wednesday recused himself from listening to the bail plea via former managing director and leader government officer of Nationwide Inventory Change (NSE) Chitra Ramkrishna in reference to the co-location case being probed via the Central Bureau of Investigation.

    Justice Talwant Singh directed that the topic be indexed for listening to on Friday (Might 20) sooner than some other pass judgement on. The trial court docket had brushed aside the bail plea of the previous NSE boss on Might 12 taking into consideration the gravity and magnitude of the allegations and mentioned that no floor for bail was once made out at this level.

    The CBI is probing the alleged wrong dissemination of knowledge from the pc servers of the marketplace exchanges to the stockbrokers. An FIR, on this case, was once registered in Might 2018, amid recent revelations about irregularities on the nation’s greatest inventory alternate.

    The CBI had arrested Ramkrishna on March 6, an afternoon after her anticipatory bail utility was once brushed aside via the court docket. She was once remanded to judicial custody on March 14 via the trial court docket after the expiry of her seven-day CBI custody.

    Whilst denying her bail, the trial court docket had cited Nobel Laureate Bob Dylan in addition to the Frankenstein monster and mentioned that the monetary global, together with the FIIs (Overseas Institutional Buyers), are ready with bated breath for NSE to redeem itself, “in order that they may be able to fly to this nation for funding in droves, which is at this time, a super vacation spot for funding”.

    “It sounds as if that accused A-1 (Ramkrishna) prima facie turns out to were working the affairs of NSE comparable to that of a personal membership; singer author, Nobel Laureate Bob Dylan as soon as mentioned ‘cash does not communicate, it swears’, which is a music of, 1964 music album ‘It is Alright Ma I am Handiest Bleeding’, signifies that cash no longer simplest has affect, nevertheless it has nice affect, even a perverse affect on other people,” Particular Pass judgement on Sanjeev Aggarwal had seen.

    Previous, the Securities and Change Board of India (SEBI) penalised the NSE, Ramkrishna, Ravi Narain, and two different officers for lapses in recruitment on the senior stage.

    Narain was once NSE’s managing director and CEO from April 1994 to March 2013, whilst Ramkrishna was once the MD and CEO of the NSE from April 2013 to December 2016.

    The CBI has additionally alleged within the case that the NSE and its best executives violated securities contract norms in terms of the appointment of Anand Subramaniam as the gang running officer and marketing consultant to the managing director.

  • NSE co-location case: Delhi court docket dismisses bail pleas of Chitra Ramkrishna, Anand Subramanian

    Through PTI

    NEW DELHI: A Delhi court docket on Thursday brushed aside the bail programs of the Nationwide Inventory Change’s (NSE) former boss Chitra Ramkrishna and team running officer Anand Subramanian within the co-location case.

    Denying the relaxation, Particular Pass judgement on Sanjeev Aggarwal stated there was once no enough floor to grant them bail.

    The court docket reserved its order after listening to arguments from Arshdeep Singh, recommend of the accused, as as neatly the prosecution.

    Previous, the Central Bureau of Investigation (CBI) had adversarial their bail programs announcing they may affect the witnesses and tamper with the proof.

    It stated the character and gravity of the offence was once “reasonably serious and had far-reaching repercussions at the monetary steadiness”.

    An FIR on this case was once registered in Would possibly 2018, amid recent revelations about irregularities on the nation’s greatest inventory alternate.

    The CBI is probing the alleged fallacious dissemination of knowledge from the pc servers of the marketplace exchanges to the inventory agents.

    Previous, the Securities and Change Board of India (SEBI) has penalised the NSE, Ramakrishna, Ravi Narain, and two different officers for lapses in recruitment on the senior stage.

    Narain was once NSE’s managing director and CEO from April 1994 to March 2013, whilst Ramkrishna was once the MD and CEO of the NSE from April 2013 to December 2016.

    The CBI has additionally alleged that that the NSE and its best executives violated securities contract norms in relation to the appointment of Anand Subramaniam as the gang running officer and guide to the managing director.

  • CBI to supply former NSE CEO Chitra Ramakrishna in native Particular courtroom

    Categorical Information Provider

    The Central Bureau of Investigation (CBI) will produce former leader government of  Nationwide Inventory Change Chitra Ramakrishna within the native Particular courtroom of CBI instances in search of custodial remand of her in reference to the multi crores marketplace manipulation-cum-irregularities case of NSE, lodged in opposition to her and others with the company.

    She used to be after all taken into custody by way of the CBI after wondering her for ultimate a few days right through which her replies have been discovered unsatisfactory.

    CBI resources on Monday morning stated that she could be taken on custodial remand with the permission of the involved courtroom. Previous, the CBI Spl courtroom had rejected the plea for anticipatory bail and expressed displeasure over the lackadaisical angle of the company running at the case.

    Previous to her arrest, Anand Subramanian-The previous Crew Working Officer and the nearest to Chitra Ramakrishna used to be arrested in reference to the continued investigation into the NSE colocation subject.

    ALSO READ| Published: The Chennai area that Chitra Ramkrishna offered to Anand Subramanian’s spouse in 2021!

    CBI resources additionally stated that the times of Anand Subramanian ended on Sunday, so the CBI may even produce him within the Particular courtroom in search of the second one remand of Anand Subramanian on Monday except generating Chitra Ramakrishna.

    ALSO READ: Have been ex-CEO of NSE Chitra Ramkrishna and Anand Subramanian making plans to show neighbours?

    Each are accused of complicity in committing grave irregularities out there manipulation and buying and selling in addition to passing confidential data to outsiders together with one that persevered in conversation with Chitra Ramakrishna with a pseudo-identity known as”Himalayan Yogi”.