CBI Files Supplementary Chargesheet in NSE Co-Location Case Against Brokers - Here’s What You Need to Know

The Central Bureau of Investigation just dropped another legal bombshell in the NSE co-location scandal—because apparently traditional finance needs more regulation than DeFi protocols.

Brokers in the crosshairs as supplementary chargesheet lands

Fresh legal documents hit the system today, targeting brokers accused of gaming NSE's server proximity advantages. The CBI's latest move shows regulators are finally playing catch-up—though it's like bringing a knife to a blockchain fight.

Co-location drama meets 21st century enforcement

While crypto exchanges operate with transparent on-chain settlement, these brokers allegedly exploited physical server locations for millisecond advantages. Talk about centralized finance problems requiring centralized solutions.

Another day, another reminder why decentralization matters

The case keeps growing—proving that when you mix legacy systems with profit incentives, someone always finds the loophole. At least smart contracts execute exactly as coded, without needing supplementary chargesheets.

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CBI chargesheet in NSE co-location scam

New filing details brokers’ role, modus operandi

The supplementary chargesheet filed before a special court on Monday details the role of broker firms allegedly involved in the scam and their modus operandi.

The CBI had registered an FIR against stock trader Sanjay Gupta and OPG Securities on May 28, 2018, under IPC sections related to criminal conspiracy, Information Technology Act, and provisions of Prevention of Corruption Act.

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NSE co-location scam: CBI ‘still probing’ the larger plot

Gupta was chargesheeted along with Ramkrishna and four others in 2022. It was followed by a number of supplementary chargesheets filed in the case.

The FIR alleged that certain NSE officials facilitated OPG Securities to get connected to its backup server to get better and faster access of the market feed, getting benefitted by exploiting the TBT architecture of NSE by using the Chankaya Software.

Published on September 17, 2025