![[Co-Location Scam] "Preponderance of Probability Fails to Prove Collusion Between OPG, Directors, and Notices": SEBI Dismisses Charges Against NSE & Chitra Ramkrishna](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/09/SEBI-Drops-All-Charges-In-39Dark-Fibre39-Case-Against-Former-NSE-Employees-amp-MD-In-Co-Location-Scam-Due-To-Insufficient-Evidence.png?resize=447%2C367&ssl=1)
In the Co-location scam case, SEBI dismissed charges against the National Stock Exchange (NSE) and its former CEO, Chitra Ramkrishna, stating insufficient evidence of collusion. SEBI’s ruling cleared the NSE and its leadership of any wrongdoing. This decision followed a January 2023 ruling overturning SEBI’s directive for NSE to disgorge Rs. 625 crore.
