CBI arrests OPG Securities MD Sanjay Gupta In NSE Co-Location Scam

CBI has nabbed owner and promoter of Delhi-based OPG Securities Pvt Ltd, Sanjay Gupta linked with the NSE Co-location scandal in which brokers reportedly abused the facility to make profit by securing early access to the stock market, as per officials' statement on Wednesday.

According to a PTI report, the agency has previously arrested Chitra Ramkrishna, former CEO and Managing Director of NSE and Anand Subramanian, former Group Operating Officer of the market, added the officials.

The arrest of Sanjay Gupta took place on Tuesday night, four years after CBI had filed the FIR in the Co-Location scandal against him and his company.

The PTI report said, the recent CBI probe highlighted that he reportedly tried to destroy evidence and bribe SEBI officials investing the NSE Co-Location scam, revealed the officials.

According to officials, Gupta had approached a "syndicate" through which he tried to exert influence on the SEBI officials.

CBI was also investigating unidentified officials of the Securities and Exchange Board of India (SEBI) and National Stock Exchange (NSE), Mumbai, and other unknown persons.