India Business News: The Multi Commodity Exchange of India (MCX) has been asked by the country's markets regulator, the Securities and Exchange Board of India (Sebi), to p
The Madras High Court has issued notices to Sebi s Whole-Time Member SK Mohanty and Central Vigilance Commission (CVC) regarding the NSE co-location scam on a petition filed by Chennai Financial Markets Accountability (CFMA). The Chennai-based group accused Sebi of intentionally misdirecting and derailing the investigation into the scam related to the alleged improper dissemination of information from the computer servers of the market exchanges to the stock brokers. CFMA had filed a complaint with CVC seeking an inquiry against Mohanty for his misdeeds during his tenure as a public servant with Sebi.