CBI books Sanjay Gupta, officials NSE, SEBI in co-location case

The CBI on Wednesday registered a case against Sanjay Gupta, owner and promoter of OPG Securities Pvt. Ltd. and others for allegedly manipulating the National Stock Exchange to get the first access to markets when they opened, officials said here.

Central Bureau of Investigation (CBI) officials said that the case has been registered against Gupta, his brother-in-law Aman Kakrady, Ajay Narotta Shah and some unknown officials of market regulator Sebi and the NSE.

It was alleged that Gupta abused the server architecture of NSE in conspiracy with unknown officials of NSE.

"Unknown officials of NSE in Mumbai had provided unfair access to Gupta's company using the co-location facility during the period 2010-2012 that enabled it to log in first to the exchange server of Stock Exchange that helped to get the data before any other broker in the market," an official said.

The official also said that after introduction of load balancer during October 2012 while servers of all other brokers were connected to the primary servers of NSE, the owner once again allegedly managed the data centre staff of NSE to get connected to the backup servers.

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