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Sebi Issues Rs 2 Crore Recovery Notice To Anand Subramanian

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Capital markets regulator Sebi on Tuesday sent a notice to former group operating officer of NSE, Anand Subramanian, asking him to pay Rs 2.05 crore in a case related to governance lapses at the stock exchange, and warned of arrest and attachment of assets as well as bank accounts if he fails to make the payment within 15 days.

The notice came after Subramanian failed to pay the fine imposed on him by the Securities and Exchange Board of India (Sebi).

The regulator, through an order passed on February 11, levied a fine of Rs 2 crore Subramanian in the matter of governance issues at the exchange.

Sebi charged former NSE chiefs, Chitra Ramkrishna and Ravi Narain, and others with alleged governance lapses in the appointment of Subramanian as the chief strategic advisor and his re-designation as group operating officer and advisor to then MD Ramkrishna.

In addition, Ramkrishna was accused of sharing confidential…

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