In the dark fibre case, Sebi has imposed a penalty of Rs 7 crore on the stock exchange (NSE). A penalty of Rs 5 crore each is levied on former NSE officials Chitra Ramakrishna and Anand Subramanian. In this case, a total of eighteen entities received penalties.

• Trump-backed GOP Funding Plan Fails in House as Shutdown Looms
• Italy Fines OpenAI 15 Million Euros for Privacy Breach
• India’s Forex Reserves Drop to $652.87 Billion as of 13th Dec
• World Bank Approves $800 Mn Loan for Amaravati Project
• How Mutual Funds Work? Types Of Mutual Funds, Tax And Example Of Mutual Funds

A penalty of Rs 6 crore was imposed on Way2Wealth Brokers. Meanwhile, Rs 5 crore was slapped on GKN Securities and Rs 3 crore on Sampark Infotainment. Also, Ravi Varanasi faced a penalty of Rs 5 crore.

Sebi imposed Rs 1 crore penalty each on Nagendra Kumar SRVS, Deviprasad Singh, and R Shashibhushan. Further, Rs 1.1 crore penalty each was imposed on Prashanth D’souza, Om Prakash Gupta, Sonali Gupta, and Rahul Gupta. Also, Rima Srivastava, Parshant Mittal, and Mohit Mutreja faced a penalty of Rs 10 lakh each.

Other entities and National Stock Exchange (NSE) have been under alleged irregularities.

Previously, SEBI had formed a cross-functional team that examined complaints and alleging irregularities in the matter of co-location and governance of corporate at NSE.

Securities of Exchange Board of India has received another complaint about alleged irregularities concerning certain brokers availing point to point dark fibre connectivity from Sampark Infotainment. Thereby, the regulator constituted an expert committee to examine the issue.