Sebi disposes of case against NSE, its former employees in co-location case
New Delhi, Sep 13: Sebi on Friday dismissed regulatory violation charges against the NSE and its seven former employees, including Chitra Ramkrishna and Ravi Narain, in the matter of the co-location facility, citing the absence of sufficient evidence.
"Due to the absence of sufficient material/evidence/objective facts on record in this case, the test of ‘preponderance of probability’ fails to produce enough justification for the establishment of collusion/connivance between OPG and its directors with Noticees (NSE and its seven employees)," Seb said in its 83-page order.
Apart from NSE, Ramkrishna and Narain, Sebi has dropped charges against Anand Subramanian, Ravindra Apte, Umesh Jain, Mahesh Soparkar and Deviprasad Singh.
The case relates to the alleged preferential access given to certain broking firms in the form of 'dark fibre' at the National Stock Exchange (NSE) to connect across the colocation facilities before other members.
The dark fibre or unlit fibre, with respect to network connectivity, refers to an already laid but unused or passive optical fibre, which is not connected to active electronics/equipment, and does not have other data flowing through it and is available for use in fibre-optic communication.
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Birsa Munda's great-grandson, injured in road accident, dies of cardiovascular failure in Ranchi
Ranchi (PTI): Tribal icon Birsa Munda's great-grandson Mangal Munda, who was undergoing treatment at a hospital here after being injured in a road accident, died of "cardiovascular failure" on Friday, an official of the health facility said.
He was 45.
Mangal Munda breathed his last at 12.30 am at the state's apex health facility - Rajendra Institute of Medical Sciences.
Munda sustained severe head injuries after he fell from the roof of a passenger vehicle in Jharkhand's Khunti district on November 25.
"Birsa Munda's kin Mangal Munda died of cardiovascular failure around 12.30 am. He was on a ventilator after being critically injured. We tried our best to save him but failed," RIMS Medical Superintendent Dr Hiren Birua told PTI.
Prime Minister Narendra Modi's office, Union Health Minister JP Nadda and the Jharkhand Chief Minister's office were in touch with the RIMS authorities in connection with Munda's treatment.
