News > NSE co-location case: 11 brokerages, 2 FPIs under I-T scanner
NSE co-location case: 11 brokerages, 2 FPIs under I-T scanner
CNBC TV18 | 26/02/2022 12:56 PM | Click to read full article
The income-tax department is looking into the accounts of 11 brokerages and two foreign portfolio investors (FPIs) to see if they provided indirect benefits to some board members of the National Stock Exchange (NSE) in exchange for sensitive information as part of the co-location case.
I-T officials suspect that these entities used tax havens to purchase assets, fund holidays and invest in some of the businesses of the families of these board members.