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Sanjay Gupta, the managing director of the brokerage firm OPG Securities, has been detained by the Central Bureau of Investigation (CBI) in connection with the co-location case involving the National Stock Exchange (NSE).

One of the main winners in the National Stock Exchange (NSE) co-location scandal was Sanjay Gupta, a broker with a Delhi address.

In connection with the suspected co-location fraud, the CBI conducted searches against brokers at more than 10 locations throughout the nation last month. In Delhi, Mumbai, Kolkata, Gandhinagar, Noida, and Gurugram, searches were carried out.

Anand Subranian, the NSE Group's operations officer, and Chitra Ramkrishna, the former NSE MD, were both detained in the NSE case by the national agency CBI.

In the month of April, the CBI filed a charge sheet against Chitra Ramkrishna and Anand Subramanian.

According to the findings of the CBI's investigations into claims that brokers were paying for "rack space" for their servers through co-location facilities preferred by the NSE.

These traders "immediately got access to the exchange's data stream," according to the first information report (FIR) of the investigative agency.

In the NSE co-Location case, the CBI stated that the evidence shows that accused Chitra Ramakrishna reclassified accused Anand Subramanian's position as Group Operating Officer and Advisor to MD effective April 1, 2015, by abusing her official position and doing so without notifying NRC or the board.

The CBI is looking into claims of inappropriate information sharing between market exchange servers and stockbrokers.

In the past, the NSE, its former CEOs Chitra Ramakrishna and Ravi Narayan, as well as two other employees, were reprimanded by the capital market regulator Securities and Exchange Board of India (SEBI) for errors in senior-level hiring.