NSE, in a verbal replace, mentioned, “Ashok Chawla has resigned as public interest director/ chairman of the board of directors of the NSE with quick enact in gentle of contemporary upright developments.”
Chawla grow to be appointed NSE chairman as section of the dapper-up project after the bourse grow to be hit by a case of preferential therapy to some possess brokers for high frequency procuring and selling (HFT) by giving them quicker procure entry to from its procuring and selling servers. The case, furthermore identified as NSE co-notify case, resulted in the resignation of several board contributors of the bourse including Chitra Ramakrishna, the then managing director, and Ravi Narain, then vice chairman.
Along with Chawla, CBI has obtained government nod to prosecute Four a form of historic and serving bureaucrats. They are Ashok Jha, Kumar Sanjay Krishna, Dipak Kumar Singh, and Ram Sharan, a PTI document mentioned.